616 Westway Dr NWGrand RapidsMI49534
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 616 Westway Dr NW, Grand Rapids, MI, 49534 in Grand Rapids at $333,000 earns $2,054/mo in rent and nets $109/mo after the $1,497/mo payment, a 8.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $92,002 over five years. Ziffy Mortgage underwrites this on a 1.37 DSCR without U.S. credit history. With $3,067/yr in principal paydown, total projected return reaches $117,737.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.8% |
| Monthly Cash Flow | $109 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,054 |
| Total Monthly Debt Service | $2,063 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1962
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 1962
1,306 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew G Deja • Keystone Home Group Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020402
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.