3148 E Gatehouse Dr SE #39, Grand Rapids, MI, 49546 | $287/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

Rental property for sale in Grand Rapids at 3148 E Gatehouse Dr SE #39, Grand Rapids, MI, 49546 generates $4,234/mo in rent and, after a $2,447/mo payment, leaves $287/mo in cash flow. Total monthly income is $4,234/mo, and annual cash flow is $3,444/yr on $165,750 invested. Return on cash invested sits at 21.99% in year one, and rental yield is 10.16% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 116.21% and total cumulative return in cash sums $192,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,234/mo property income rather than buyer’s personal income.

Condo

Built in 1978

N/A lot

$N/A/sqft

$650 monthly HOA