6712 Cascade Rd SE #15Grand RapidsMI49546
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6712 Cascade Rd SE #15, Grand Rapids, MI, 49546 in Grand Rapids. Priced at $164,500, it generates $2,801/mo in gross rent and $1,341/mo in net monthly cash flow, a 20.43% yield that comfortably supports the 3.79 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $16,092. Five-year appreciation: $45,448. Equity from principal paydown: $1,515/yr. Total projected cumulative return: $150,630.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.4% | 6.8% |
| Monthly Cash Flow | $1,341 | $850 |
City averages based on Grand Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,801 |
| Total Monthly Debt Service | $1,394 |
| DSCR Ratio | 2.01x |
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 1969
N/A lot
$N/A/sqft
$375 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 1969
N/A lot
$N/A/sqft
$375 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices