641 Griswold St SE,Grand Rapids,MI,49507

Investment Highlights

Investment property for sale in Grand Rapids at 641 Griswold St SE, Grand Rapids, MI, 49507 listed at $317,000 pairs $2,213/mo rent with a $1,552/mo payment to leave $122/mo cash flow. Total monthly income runs $2,213/mo, and annual cash flow reaches $1,465/yr on $105,086 cash to close. Return on cash invested measures 21.3% in year one, and rental yield registers 8.38% at a $317,000 basis. Equity gained on principal adds $2,046/yr, and annual property appreciation at 5% supports $87,581 by year five. Five-year ROI tracks 110.89% and total cumulative return in cash totals $116,529. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,213/mo property income relative to a $1,552/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).