3181 Charlevoix Dr SE UNIT 103, Grand Rapids, MI, 49546 | 8.43% Rental Yield

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 3181 Charlevoix Dr SE UNIT 103, Grand Rapids, MI, 49546 offers a 8.43% rental yield on a $210,000 purchase with $1,475/mo rent. 43% 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 81.52% and total cumulative return in cash at $56,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,475/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 1981

N/A lot

$N/A/sqft

$350 monthly HOA