6094 Del Cano Dr SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 6094 Del Cano Dr SE, Grand Rapids, MI, 49546 in Grand Rapids. At $379,900 it earns $3,076/mo in rent and distributes $570/mo to the owner after the $1,708/mo payment, a consistent 9.71% yield. DSCR 1.80 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $104,959 in value; $3,499/yr in principal paydown compounds ownership stake. Total projected return: $181,509.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.8% |
| Monthly Cash Flow | $570 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,076 |
| Total Monthly Debt Service | $2,354 |
| DSCR Ratio | 1.31x |
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.
Single Family
Built in 1971
1,306 sqft 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
Single Family
Built in 1971
1,306 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colin Gage • Five Star Real Estate (Ada)
Mls Name: MichRIC
Mls ID: #25030282