465 Barkwood Ct NW #27Grand RapidsMI49534
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 465 Barkwood Ct NW #27, Grand Rapids, MI, 49534 in Grand Rapids. At $199,900 it earns $1,950/mo in rent and distributes $247/mo to the owner after the $899/mo payment, a consistent 11.71% yield. DSCR 2.17 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $55,229 in value; $1,841/yr in principal paydown compounds ownership stake. Total projected return: $116,846.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.8% |
| Monthly Cash Flow | $247 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,950 |
| Total Monthly Debt Service | $1,239 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1975
N/A lot
$N/A/sqft
No 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 1975
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls ID: #26006977