811 Ardmore St SE, Grand Rapids, MI, 49507 | $498/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
1 Bath
1392 sft

754 Olympia St SW, Grand Rapids, MI, 49503

1 Bed
1 Bath
613 sft

4577 Tabor Rd NW APT B, Comstock Park, MI, 49321

2 Bed
2 Bath
1096 sft

4565 Tabor Rd NW #38, Comstock Park, MI, 49321

6 Bed
2 Bath
1686 sft

246 Powell St SE, Grand Rapids, MI, 49507

Nearby investment properties with comparable prices

1 Bed
1 Bath
934 sft

8508 Jasonville Ct SE, Caledonia, MI, 49316

3 Bed
1 Bath
1116 sft

1632 Kalamazoo Ave SE, Grand Rapids, MI, 49507

1 Bed
1 Bath
653 sft

5370 36th Ave APT 12, Hudsonville, MI, 49426

$ 155,000

ROI

Cash Flow/m

4 Bed
2 Bath
1680 sft

2637 Calgary St SW, Wyoming, MI, 49519

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 811 Ardmore St SE, Grand Rapids, MI, 49507 priced at $180,000 converts $1,685/mo rent into $498/mo cash flow after a $881/mo obligation. Total monthly income equals $1,685/mo, and annual cash flow totals $5,976/yr on $59,670 invested. Return on cash invested prints 29.92% in year one, and rental yield reads 11.23% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 157.07% and total cumulative return in cash sums $93,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,685/mo property income covering a $881/mo payment, not borrower’s personal income.

Single Family

Built in 1905

6,098 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171