649 Evans St SE, Grand Rapids, MI, 49503 | $1,381/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 649 Evans St SE, Grand Rapids, MI, 49503 offers a 13.17% rental yield on a $314,900 purchase with $3,457/mo rent. Total monthly income registers $3,457/mo, and a $1,541/mo payment leaves $1,381/mo available for distribution. Annual cash flow reaches $16,568/yr on $104,389 to close, and return on cash invested stands at 35.78% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 188.49% and total cumulative return in cash at $196,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,457/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

2,178 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49503, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,238 (100%)
Owner Occupied HU	7,149 (35.3%)
Renter Occupied HU	11,464 (56.6%)
Vacant Housing Units	1,625 ( 8.0%)
Median Home Value	$281,804
Average Home Value	$332,147