1143 Kensington St NW #12Grand RapidsMI49534
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1143 Kensington St NW #12, Grand Rapids, MI, 49534 in Grand Rapids carries a 1.59 coverage ratio, rent of $2,328/mo is 1.59 times the $1,461/mo payment. Rental yield 8.6%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $325,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $89,792; total projected cumulative return: $135,738.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.8% |
| Monthly Cash Flow | $(240) | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,328 |
| Total Monthly Debt Service | $2,014 |
| DSCR Ratio | 1.16x |
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 1999
N/A lot
$N/A/sqft
No 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 1999
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls ID: #26010620