523 Manhattan Rd SE, East Grand Rapids, MI, 49506 | $2,295/mo Cash Flow

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in East Grand Rapids at 523 Manhattan Rd SE, East Grand Rapids, MI, 49506 at $825,000 posts ROI 30.2% with $2,295/mo cash flow from $7,735/mo rent. Total monthly income equals $7,735/mo, and annual cash flow records $27,534/yr on $271,425 to close. Return on cash invested measures 30.2% and rental yield reads 11.25% at the current $825,000. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 by year five. Five-year ROI prints 158.56% and total cumulative return in cash totals $430,365.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,735/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1950

0.34 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706