705 11th St NW, Grand Rapids, MI, 49504 | $688/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 705 11th St NW, Grand Rapids, MI, 49504 uses $58,013 cash to close to unlock $8,250/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $1,842/mo, and a $857/mo payment keeps the spread at $688/mo. Purchase price stands at $175,000, and rental yield measures 12.63% with $1,842/mo rent. Return on cash invested shows 34.13% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 179.66% and total cumulative return in cash records $104,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,842/mo property income covering a $857/mo payment rather than investor’s personal income.

Multi Family

Built in 1903

9,147 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49504, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,664 (100%)
Owner Occupied HU	10,506 (56.3%)
Renter Occupied HU	7,008 (37.5%)
Vacant Housing Units	1,150 ( 6.2%)
Median Home Value	$258,759
Average Home Value	$284,959