909 Spring Ave NE, Grand Rapids, MI, 49503 | $1,232/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 909 Spring Ave NE, Grand Rapids, MI, 49503 priced at $269,900 converts $3,012/mo rent into $1,232/mo cash flow after a $1,321/mo obligation. Total monthly income equals $3,012/mo, and annual cash flow totals $14,786/yr on $89,472 invested. Return on cash invested prints 36.43% in year one, and rental yield reads 13.39% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 192.03% and total cumulative return in cash sums $171,810. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,012/mo property income covering a $1,321/mo payment, not borrower’s personal income.

Single Family

Built in 1950

8,712 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