611 Northway Dr NW, Grand Rapids, MI, 49534 | $841/mo Cash Flow

For Sale

Ziffy Mortgage

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 Northway Dr NW, Grand Rapids, MI, 49534 priced at $319,900 converts $2,951/mo rent into $841/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,951/mo, and annual cash flow totals $10,094/yr on $106,047 invested. Return on cash invested prints 29.43% in year one, and rental yield reads 11.07% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 154.44% and total cumulative return in cash sums $163,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,951/mo property income covering a $1,566/mo payment, not borrower’s personal income.

Single Family

Built in 1976

8,712 sqft lot

$N/A/sqft

No HOA