864 Diamond Ave NE, Grand Rapids, MI, 49503 | $185/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 864 Diamond Ave NE, Grand Rapids, MI, 49503 priced at $310,000 converts $2,229/mo rent into $185/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,229/mo, and annual cash flow totals $2,220/yr on $102,765 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 8.63% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 114.95% and total cumulative return in cash sums $118,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,229/mo property income covering a $1,517/mo payment, not borrower’s personal income.

Single Family

Built in 1924

7,840 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