3598 Charlevoix Dr SE #116, Grand Rapids, MI, 49546 | $2,216/mo Cash Flow

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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 3598 Charlevoix Dr SE #116, Grand Rapids, MI, 49546 uses $152,159 cash to close to unlock $26,588/yr annual cash flow and $2,216/mo monthly cash flow. Total monthly income runs $5,808/mo, and a $2,247/mo payment keeps the spread at $2,216/mo. Purchase price stands at $459,000, and rental yield measures 15.18% with $5,808/mo rent. Return on cash invested shows 37.38% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 198.69% and total cumulative return in cash records $302,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,808/mo property income covering a $2,247/mo payment rather than investor’s personal income.

Condo

Built in 1983

N/A lot

$N/A/sqft

$565 monthly HOA