62 Kenton St SE, Grand Rapids, MI, 49548 | $686/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 62 Kenton St SE, Grand Rapids, MI, 49548 uses $63,066 cash to close to unlock $8,227/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $1,940/mo, and a $931/mo payment keeps the spread at $686/mo. Purchase price stands at $190,243, and rental yield measures 12.24% with $1,940/mo rent. Return on cash invested shows 32.95% in year one, and 5% annual appreciation builds toward $52,561 over five years. Five-year ROI reaches 173.35% and total cumulative return in cash records $109,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,940/mo property income covering a $931/mo payment rather than investor’s personal income.

Single Family

Built in 1940

10,018 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,625 (100%)
Owner Occupied HU	9,662 (70.9%)
Renter Occupied HU	3,618 (26.6%)
Vacant Housing Units	345 ( 2.5%)
Median Home Value	$202,210
Average Home Value	$248,548