902 Blodgett St SE, Grand Rapids, MI, 49506 | $2,112/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 902 Blodgett St SE, Grand Rapids, MI, 49506 priced at $387,500 converts $4,872/mo rent into $2,112/mo cash flow after a $1,897/mo obligation. Total monthly income equals $4,872/mo, and annual cash flow totals $25,347/yr on $128,456 invested. Return on cash invested prints 39.64% in year one, and rental yield reads 15.09% against a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation compiles into $107,059 by year five. Five-year ROI reaches 209.91% and total cumulative return in cash sums $269,643. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,872/mo property income covering a $1,897/mo payment, not borrower’s personal income.

Condo

Built in 2008

N/A lot

$N/A/sqft

$204 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49506, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,282 (100%)
Owner Occupied HU	9,333 (70.3%)
Renter Occupied HU	3,352 (25.2%)
Vacant Housing Units	597 ( 4.5%)
Median Home Value	$381,078
Average Home Value	$459,706