947 Baraga St NE, Grand Rapids, MI, 49503 | $1,626/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 947 Baraga St NE, Grand Rapids, MI, 49503 at $304,900 posts ROI 39.21% with $1,626/mo cash flow from $3,636/mo rent. Total monthly income equals $3,636/mo, and annual cash flow records $19,508/yr on $101,074 to close. Return on cash invested measures 39.21% and rental yield reads 14.31% at the current $304,900. Equity gained on principal adds $1,967/yr, and 5% annual appreciation supports $84,238 by year five. Five-year ROI prints 206.87% and total cumulative return in cash totals $209,090.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,636/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1926

5,227 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