2984 Chapshire Dr SE #59, Grand Rapids, MI, 49546 | $44/mo Cash Flow

For Sale

Ziffy Mortgage

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 2984 Chapshire Dr SE #59, Grand Rapids, MI, 49546 offers a 8.14% rental yield on a $234,900 purchase with $1,593/mo rent. Total monthly income registers $1,593/mo, and a $1,150/mo payment leaves $44/mo available for distribution. Annual cash flow reaches $524/yr on $77,869 to close, and return on cash invested stands at 20.58% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 106.99% and total cumulative return in cash at $83,313. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,593/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA