2533 Chatham Woods Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2533 Chatham Woods Dr SE, Grand Rapids, MI, 49546 in Grand Rapids. Priced at $180,000, it generates $2,246/mo in gross rent and $724/mo in net monthly cash flow, a 14.98% yield that comfortably supports the 2.78 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,693. Five-year appreciation: $49,731. Equity from principal paydown: $1,658/yr. Total projected cumulative return: $116,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 6.8% |
| Monthly Cash Flow | $724 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,246 |
| Total Monthly Debt Service | $1,450 |
| DSCR Ratio | 1.55x |
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 1972
N/A lot
$N/A/sqft
$335 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 1972
N/A lot
$N/A/sqft
$335 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Farkas • 1st Advantage Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027425
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.