3139 Middlegate Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 3139 Middlegate Dr SE, Grand Rapids, MI, 49546 in Grand Rapids offers a clean, manageable entry. Rental yield 6.99%. DSCR 1.30 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $172,676 in additional property value over five years, with $5,756/yr in principal equity building ownership stake. Total projected cumulative return: $170,722.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.8% |
| Monthly Cash Flow | $(1,089) | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,640 |
| Total Monthly Debt Service | $4,480 |
| DSCR Ratio | 0.81x |
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 1977
N/A lot
$N/A/sqft
$607 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 1977
N/A lot
$N/A/sqft
$607 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Platko • Mitten Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25039798
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.