2551 Chatham Woods Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 2551 Chatham Woods Dr SE, Grand Rapids, MI, 49546 in Grand Rapids earns a 11.92% gross yield at $249,900. Rent of $2,483/mo nets $435/mo after the $1,124/mo mortgage. The 2.21 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $69,043 and $2,302/yr in equity accumulation project a total cumulative return of $148,961.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.8% |
| Monthly Cash Flow | $435 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,483 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.60x |
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
1 Acres 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 1972
1 Acres 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: Greater Lansing AOR
Mls ID: #294610