6324 Lamppost Cir #10Grand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play6324 Lamppost Cir #10, Grand Rapids, MI, 49546 in Grand Rapids is priced for appreciation, not yield. Rental yield 4.62%. At $1,150,000 with a 4.62% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $317,724 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.86) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $200,498.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.8% |
| Monthly Cash Flow | $(3,731) | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,428 |
| Total Monthly Debt Service | $7,701 |
| DSCR Ratio | 0.57x |
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.
Condo
Built in 2022
N/A lot
$N/A/sqft
$575 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 2022
N/A lot
$N/A/sqft
$575 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alishia Monasmith • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25009346
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.