6365 Lamppost Cir SE #16, Grand Rapids, MI, 49546 | $114/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Grand Rapids at 6365 Lamppost Cir SE #16, Grand Rapids, MI, 49546 generates $7,745/mo in rent and, after a $5,237/mo payment, leaves $114/mo in cash flow. Total monthly income is $7,745/mo, and annual cash flow is $1,368/yr on $346,680 invested. Return on cash invested sits at 20.76% in year one, and rental yield is 8.69% on a $1,070,000 entry. Equity gained on principal adds $6,905/yr, while 5% annual appreciation builds toward $295,621 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash sums $376,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,745/mo property income rather than buyer’s personal income.

Condo

Built in 2021

N/A lot

$N/A/sqft

$575 monthly HOA