2645 Falcon Pointe Dr NWGrand RapidsMI49534
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
Investment Highlights
Rental property for sale in Grand Rapids at 2645 Falcon Pointe Dr NW, Grand Rapids, MI, 49534 generates $1,603/mo in rent, after a $1,101/mo payment. Total monthly income is $1,603/mo. Return on cash invested sits at 17.41% in year one, and rental yield is 8.55% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 91.57% and total cumulative return in cash sums $68,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.
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.