600 7th St NW UNIT 208, Grand Rapids, MI, 49504 | 7.59% Rental Yield

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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 Grand Rapids at 600 7th St NW UNIT 208, Grand Rapids, MI, 49504 listed at $495,000 pairs $3,131/mo rent with a $2,423/mo payment. Total monthly income runs $3,131/mo. Return on cash invested measures 14.33% in year one, and rental yield registers 7.59% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 75.15% and total cumulative return in cash totals $123,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,131/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1918

N/A lot

$N/A/sqft

$629 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959