623 Deming St SE, Grand Rapids, MI, 49507 | $560/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

Rental property for sale in Grand Rapids at 623 Deming St SE, Grand Rapids, MI, 49507 offers $2,726/mo rent that, after a $1,608/mo payment, leaves $560/mo cash flow. Total monthly income is $2,726/mo, and annual cash flow is $6,714/yr on $108,898 cash. Return on cash invested measures 26.07% in year one, and rental yield stands at 9.96% at a $328,500 entry. Equity gained on principal adds $2,120/yr while 5% annual appreciation compounds into $90,758 by year five. Five-year ROI records 136.44% and total cumulative return in cash reaches $148,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,726/mo property income versus a $1,608/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1928

5,662 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