2641 Chatham Woods Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2641 Chatham Woods Dr SE, Grand Rapids, MI, 49546 in Grand Rapids is a solid income-producing rental, 13.22% gross yield, $2,077/mo rent, $499/mo net cash flow on a $188,500 buy. DSCR 2.45 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $52,079 and $1,736/yr in principal reduction project a total cumulative return of $105,374.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 6.8% |
| Monthly Cash Flow | $499 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,077 |
| Total Monthly Debt Service | $1,503 |
| DSCR Ratio | 1.38x |
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 1974
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 1974
N/A lot
$N/A/sqft
$335 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra M DeHamer • Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25041415
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.