6449 Wendell St SEGrand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6449 Wendell St SE, Grand Rapids, MI, 49546 in Grand Rapids. Priced at $363,000, it generates $3,079/mo in gross rent and $685/mo in net monthly cash flow, a 10.18% yield that comfortably supports the 1.89 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,225. Five-year appreciation: $100,290. Equity from principal paydown: $3,343/yr. Total projected cumulative return: $182,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.8% |
| Monthly Cash Flow | $685 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,079 |
| Total Monthly Debt Service | $2,249 |
| DSCR Ratio | 1.37x |
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.
Single Family
Built in 1955
0.66 Acres 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 1955
0.66 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jody Schwalm • RE/MAX United (Beltline)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026956
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.