545 Woodridge St NE, Grand Rapids, MI, 49505 | $670/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1659 sft

1715 Godfrey Ave SW, Wyoming, MI, 49509

2 Bed
2 Bath
1036 sft

2476 Cranden Dr SE, Grand Rapids, MI, 49506

2 Bed
2 Bath
1126 sft

190 Hunters Ln NE #38, Rockford, MI, 49341

5 Bed
2 Bath
1925 sft

126 Page St NE, Grand Rapids, MI, 49505

Nearby investment properties with comparable prices

3 Bed
2 Bath
1800 sft

11975 Northland Dr #M6, Cedar Springs, MI, 49319

3 Bed
2 Bath
1680 sft

6132 Division Ave S LOT M247, Grand Rapids, MI, 49548

2 Bed
1 Bath
638 sft

1034 Merrifield St SE, Grand Rapids, MI, 49507

2 Bed
2 Bath
1096 sft

4565 Tabor Rd NW, Comstock Park, MI, 49321

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Grand Rapids at 545 Woodridge St NE, Grand Rapids, MI, 49505 uses $69,284 cash to close to unlock $8,036/yr annual cash flow and $670/mo monthly cash flow. Total monthly income runs $2,048/mo, and a $1,023/mo payment keeps the spread at $670/mo. Purchase price stands at $209,000, and rental yield measures 11.76% with $2,048/mo rent. Return on cash invested shows 31.51% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 165.6% and total cumulative return in cash records $114,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,048/mo property income covering a $1,023/mo payment rather than investor’s personal income.

Single Family

Built in 1925

3,920 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704