743 College Ave NE, Grand Rapids, MI, 49503 | $135/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

Rental property for sale in Grand Rapids at 743 College Ave NE, Grand Rapids, MI, 49503 offers $2,080/mo rent that, after a $1,444/mo payment, leaves $135/mo cash flow. Total monthly income is $2,080/mo, and annual cash flow is $1,614/yr on $97,793 cash. Return on cash invested measures 21.56% in year one, and rental yield stands at 8.46% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 112.24% and total cumulative return in cash reaches $109,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,080/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2007

6,098 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