611 Logan St SE, Grand Rapids, MI, 49503 | $513/mo Cash Flow

For Sale

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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

Rental property for sale in Grand Rapids at 611 Logan St SE, Grand Rapids, MI, 49503 priced at $339,900 pairs $2,755/mo rent with $513/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,755/mo, and annual cash flow comes to $6,158/yr on $112,677 invested. Return on cash invested is 25.37% in year one, and rental yield stands at 9.73% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 132.71% and total cumulative return in cash reaches $149,531. For financing, Ziffy Mortgage’s DSCR program evaluates $2,755/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

3,484 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147