741 Union Ave NE, Grand Rapids, MI, 49503 | $568/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1132 sft

856 Colrain St SW, Wyoming, MI, 49509

4 Bed
3 Bath
2588 sft

5831 Belding Rd NE, Rockford, MI, 49341

3 Bed
1 Bath
1071 sft

412 Breens Ct SW, Grand Rapids, MI, 49503

3 Bed
2 Bath
1104 sft

350 Adolph Ave NE, Rockford, MI, 49341

Nearby investment properties with comparable prices

3 Bed
3 Bath
1460 sft

4273 Sawkaw Dr NE, Grand Rapids, MI, 49525

2 Bed
1 Bath
1035 sft

302 Leroy St SW, Wyoming, MI, 49548

Investment Property+ 2 more

5 Bed
2 Bath
1818 sft

1203 Rathbone St SW #2, Wyoming, MI, 49509

5 Bed
2 Bath
1746 sft

737 Sinclair Ave NE, Grand Rapids, MI, 49503

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Grand Rapids at 741 Union Ave NE, Grand Rapids, MI, 49503 priced at $289,900 converts $2,480/mo rent into $568/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,480/mo, and annual cash flow totals $6,818/yr on $96,102 invested. Return on cash invested prints 27% in year one, and rental yield reads 10.27% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 141.47% and total cumulative return in cash sums $135,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,480/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Single Family

Built in 1965

5,662 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