648 Ferndale Ave NW, Grand Rapids, MI, 49534 | $399/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

Investment property for sale in Grand Rapids at 648 Ferndale Ave NW, Grand Rapids, MI, 49534 uses $94,146 cash to close to unlock $4,790/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $2,272/mo, and a $1,390/mo payment keeps the spread at $399/mo. Purchase price stands at $284,000, and rental yield measures 9.6% with $2,272/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash records $123,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,272/mo property income covering a $1,390/mo payment rather than investor’s personal income.

Single Family

Built in 1971

7,840 sqft lot

$N/A/sqft

No HOA