855 Chatham St NW, Grand Rapids, MI, 49504 | $567/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

Rental property for sale in Grand Rapids at 855 Chatham St NW, Grand Rapids, MI, 49504 offers $2,011/mo rent that, after a $1,072/mo payment, leaves $567/mo cash flow. Total monthly income is $2,011/mo, and annual cash flow is $6,800/yr on $72,599 cash. Return on cash invested measures 29.28% in year one, and rental yield stands at 11.02% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 153.62% and total cumulative return in cash reaches $111,525. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,011/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1885

1,306 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