6244 Lincolnshire Ct SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 6244 Lincolnshire Ct SE, Grand Rapids, MI, 49546 in Grand Rapids: $2,628/mo in rent, $797/mo net, 13.71% gross yield, all on a $230,000 acquisition. The 2.54 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $63,545 in value, and $2,118/yr in principal paydown steadily builds equity. Projected total cumulative return: $140,302.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.8% |
| Monthly Cash Flow | $797 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,628 |
| Total Monthly Debt Service | $1,739 |
| DSCR Ratio | 1.51x |
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 1976
N/A lot
$N/A/sqft
$314 monthly 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 1976
N/A lot
$N/A/sqft
$314 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chad N Akers • Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022611
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.