2069 Watermark Dr SE, Grand Rapids, MI, 49546 | 7.03% Rental Yield

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Ziffy Mortgage

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

Total monthly income runs $3,660/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 7.03% with $3,660/mo rent. Return on cash invested shows 14.04% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 73.06% and total cumulative return in cash records $150,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,660/mo property income covering a $3,059/mo payment rather than investor’s personal income.

Condo

Built in 2003

N/A lot

$N/A/sqft

$1,712 quarterly HOA