3144 E Gatehouse Dr SE, Grand Rapids, MI, 49546 | 8.51% Rental Yield

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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

Total monthly income runs $2,611/mo, and a $1,801/mo payment. Purchase price stands at $368,000, and rental yield measures 8.51% with $2,611/mo rent. Return on cash invested shows 15.72% in year one, and 5% annual appreciation builds toward $101,672 over five years. Five-year ROI reaches 83.11% and total cumulative return in cash records $101,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,611/mo property income covering a $1,801/mo payment rather than investor’s personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

$610 monthly HOA