953 Eastern Ave SE, Grand Rapids, MI, 49507 | $808/mo Cash Flow

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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 953 Eastern Ave SE, Grand Rapids, MI, 49507 priced at $225,000 pairs $2,291/mo rent with $808/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,291/mo, and annual cash flow comes to $9,690/yr on $74,588 invested. Return on cash invested is 32.9% in year one, and rental yield stands at 12.22% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 173.06% and total cumulative return in cash reaches $129,081. For financing, Ziffy Mortgage’s DSCR program evaluates $2,291/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

4,791 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49507, Grand Rapids, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,654 (100%)
Owner Occupied HU	8,476 (62.1%)
Renter Occupied HU	4,606 (33.7%)
Vacant Housing Units	572 ( 4.2%)
Median Home Value	$221,284
Average Home Value	$243,171