2645 Falcon Pointe Dr NWGrand RapidsMI49534
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 2645 Falcon Pointe Dr NW, Grand Rapids, MI, 49534 in Grand Rapids clears it at 1.59, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.55%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $62,136; $2,071/yr in principal equity; total projected return: $76,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.8% |
| Monthly Cash Flow | $(155) | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,603 |
| Total Monthly Debt Service | $1,669 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1989
N/A lot
$N/A/sqft
$275 monthly HOA
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1260 sft
- 2 Bed
- 1 Bath
- 1876 sft
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 1989
N/A lot
$N/A/sqft
$275 monthly HOA
Nearby investment properties with comparable rents
- 2 Bed
- 2 Bath
- 1260 sft
- 2 Bed
- 1 Bath
- 1876 sft
Nearby investment properties with comparable prices
Listed by: Regis E Goetz • Anchor Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022733
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.