6396 Lamppost Cir SE UNIT 1Grand RapidsMI49546
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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
Investment Highlights
Investment property for sale in Grand Rapids at 6396 Lamppost Cir SE UNIT 1, Grand Rapids, MI, 49546 offers a 2.76% rental yield on a $939,900 purchase with $2,160/mo rent. 16% in year one. Equity gained on principal adds $6,065/yr while 5% annual appreciation supports $259,677 over five years. Portfolio math shows five-year ROI at 8.98% and total cumulative return in cash at $27,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $4,600/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$575 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Donna E Vanderpol • Cuellar Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24053881
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.