870 Three Mile Rd NE, Grand Rapids, MI, 49505 | $2,438/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 870 Three Mile Rd NE, Grand Rapids, MI, 49505 generates $6,229/mo in rent and, after a $2,814/mo payment, leaves $2,438/mo in cash flow. Total monthly income is $6,229/mo, and annual cash flow is $29,250/yr on $189,175 invested. Return on cash invested sits at 35.52% in year one, and rental yield is 13% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 187.08% and total cumulative return in cash sums $353,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,229/mo property income rather than buyer’s personal income.

Single Family

Built in 1954

0.42 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49505, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,709 (100%)
Owner Occupied HU	9,483 (64.5%)
Renter Occupied HU	4,578 (31.1%)
Vacant Housing Units	648 ( 4.4%)
Median Home Value	$281,170
Average Home Value	$311,704