873 McCarty St NWGrand RapidsMI49544
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 873 McCarty St NW, Grand Rapids, MI, 49544 in Grand Rapids. Priced at $219,250, it generates $2,539/mo in gross rent and $868/mo in net monthly cash flow, a 13.9% yield that comfortably supports the 2.58 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,420. Five-year appreciation: $60,575. Equity from principal paydown: $2,019/yr. Total projected cumulative return: $140,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 6.8% |
| Monthly Cash Flow | $868 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,539 |
| Total Monthly Debt Service | $1,584 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49544, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,165 (53.9%) |
| Renter Occupied HU | 1,749 (43.6%) |
| Vacant Housing Units | 100 ( 2.5%) |
| Median Home Value | $275,189 |
| Average Home Value | $287,192 |
Housing Distribution
Address Breakdown
Residential
4,003
Single Family
3,350
Multi-Family
653
Businesses
574
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan M Kirchgessner • Greenridge Realty (EGR)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25047707
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.