2655 Chatham Woods Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 2655 Chatham Woods Dr SE, Grand Rapids, MI, 49546 in Grand Rapids is straightforward: $209,999 in, $2,179/mo in rent, $464/mo out after debt service. The 12.45% gross yield and 2.31 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $58,019 by year five. With $1,934/yr in principal equity, the total cumulative return is projected at $111,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 6.8% |
| Monthly Cash Flow | $464 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,179 |
| Total Monthly Debt Service | $1,631 |
| DSCR Ratio | 1.34x |
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 1975
N/A lot
$N/A/sqft
$330 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 1975
N/A lot
$N/A/sqft
$330 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices