863 Martin Luther King Jr St SE, Grand Rapids, MI, 49507 | $360/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
561 sft

2193 Melvin St SW, Wyoming, MI, 49519

2 Bed
1 Bath
684 sft

789 Andover St SE, Kentwood, MI, 49548

3 Bed
2 Bath
1598 sft

3043 Byron Center Ave SW, Wyoming, MI, 49519

1 Bed
1 Bath
559 sft

600 Douglas St NW #612A, Grand Rapids, MI, 49504

Nearby investment properties with comparable prices

2 Bed
1 Bath
829 sft

856 10th St NW, Grand Rapids, MI, 49504

2 Bed
1 Bath
788 sft

33 Batavia Pl NE, Grand Rapids, MI, 49503

3 Bed
1 Bath
1076 sft

411 Quimby St NE, Grand Rapids, MI, 49505

4 Bed
2 Bath
- sft

828 Nagold St NW, Grand Rapids, MI, 49504

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

Investment property for sale in Grand Rapids at 863 Martin Luther King Jr St SE, Grand Rapids, MI, 49507 listed at $199,500 pairs $1,675/mo rent with a $976/mo payment to leave $360/mo cash flow. Total monthly income runs $1,675/mo, and annual cash flow reaches $4,318/yr on $66,134 cash to close. Return on cash invested measures 26.44% in year one, and rental yield registers 10.08% at a $199,500 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,118 by year five. Five-year ROI tracks 138.38% and total cumulative return in cash totals $91,519. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,675/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1910

4,791 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