950 Ada Place Dr SE,Grand Rapids,MI,49546

Investment Highlights

Investment property for sale in Grand Rapids at 950 Ada Place Dr SE, Grand Rapids, MI, 49546 listed at $289,900 pairs $2,582/mo rent with a $1,419/mo payment to leave $670/mo cash flow. Total monthly income runs $2,582/mo, and annual cash flow reaches $8,042/yr on $96,102 cash to close. Return on cash invested measures 28.28% in year one, and rental yield registers 10.69% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 148.29% and total cumulative return in cash totals $142,509. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,582/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).