2431 E Collier Ave SE #17Grand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 2431 E Collier Ave SE #17, Grand Rapids, MI, 49546 in Grand Rapids is straightforward: $286,000 in, $2,676/mo in rent, $495/mo out after debt service. The 11.23% gross yield and 2.08 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $79,017 by year five. With $2,634/yr in principal equity, the total cumulative return is projected at $142,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.8% |
| Monthly Cash Flow | $495 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,676 |
| Total Monthly Debt Service | $2,067 |
| DSCR Ratio | 1.29x |
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 1971
14.99 Acres lot
$N/A/sqft
$295 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 1971
14.99 Acres lot
$N/A/sqft
$295 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan D Hesche • Greenridge Realty (Saranac)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25004317
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.