602 Griggs St SE, Grand Rapids, MI, 49507 | $1,161/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 Grand Rapids at 602 Griggs St SE, Grand Rapids, MI, 49507 uses $72,557 cash to close to unlock $13,931/yr annual cash flow and $1,161/mo monthly cash flow. Total monthly income runs $2,604/mo, and a $1,071/mo payment keeps the spread at $1,161/mo. Purchase price stands at $218,875, and rental yield measures 14.28% with $2,604/mo rent. Return on cash invested shows 39.11% in year one, and 5% annual appreciation builds toward $60,471 over five years. Five-year ROI reaches 206.31% and total cumulative return in cash records $149,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,604/mo property income covering a $1,071/mo payment rather than investor’s personal income.

Single Family

Built in 1922

4,356 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171