881 Leonard St NE, Grand Rapids, MI, 49503 | $490/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

Investment property for sale in Grand Rapids at 881 Leonard St NE, Grand Rapids, MI, 49503 with 5% annual appreciation on a $227,500 basis while $1,990/mo rent supports operations. Total monthly income totals $1,990/mo and a $1,114/mo payment preserves $490/mo for cash returns. Annual cash flow comes to $5,883/yr on $75,416 deployed, and return on cash invested reaches 27.71% in year one. Equity gained on principal adds $1,468/yr, and five-year appreciation sums $62,854 alongside rental yield of 10.5%. Five-year ROI measures 145.26% and total cumulative return in cash totals $109,550.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,990/mo property income versus a $1,114/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1930

7,405 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