2655 Chatham Woods Dr SE, Grand Rapids, MI, 49546 | $464/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grand Rapids at 2655 Chatham Woods Dr SE, Grand Rapids, MI, 49546 offers a 12.45% rental yield on a $209,999 purchase with $2,179/mo rent. Total monthly income registers $2,179/mo, and a $1,028/mo payment leaves $464/mo available for distribution. Annual cash flow reaches $5,568/yr on $69,615 to close, and return on cash invested stands at 27.91% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 148.3% and total cumulative return in cash at $103,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,179/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1975

N/A lot

$N/A/sqft

$330 monthly HOA