819 Eastern Ave NE,Grand Rapids,MI,49503

Investment Highlights

Rental property for sale in Grand Rapids at 819 Eastern Ave NE, Grand Rapids, MI, 49503 offers $2,264/mo rent that, after a $1,500/mo payment, leaves $243/mo cash flow. Total monthly income is $2,264/mo, and annual cash flow is $2,915/yr on $101,605 cash. Return on cash invested measures 22.78% in year one, and rental yield stands at 8.86% at a $306,500 entry. Equity gained on principal adds $1,978/yr while 5% annual appreciation compounds into $84,680 by year five. Five-year ROI records 118.74% and total cumulative return in cash reaches $120,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,264/mo property income versus a $1,500/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.