1110 Kensington St NWGrand RapidsMI49534
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 1110 Kensington St NW, Grand Rapids, MI, 49534 in Grand Rapids is straightforward: $360,000 in, $3,295/mo in rent, $496/mo out after debt service. The 10.98% gross yield and 2.04 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $99,461 by year five. With $3,316/yr in principal equity, the total cumulative return is projected at $170,883.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.8% |
| Monthly Cash Flow | $496 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,295 |
| Total Monthly Debt Service | $2,656 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
$425 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2004
N/A lot
$N/A/sqft
$425 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah R Becker • Key Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026520
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.