10380 Somerville RdRives JunctionMI49277
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
Investment Highlights
Investment property for sale in Rives Junction at 10380 Somerville Rd, Rives Junction, MI, 49277 earns $58/mo cash flow from $1,575/mo rent with a $1,126/mo payment. Total monthly income totals $1,575/mo, and annual cash flow totals $696/yr on $76,245 capital. ROI tracks 20.82% on current figures, and rental yield reads 8.22% at a $229,999 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,544 over five years. Five-year ROI reaches 108.24% and total cumulative return in cash sums $82,530. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,575/mo property income instead of your personal income.
Single Family
Built in 1979
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49277, Rives Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,359 (100%) |
| Owner Occupied HU | 1,201 (88.4%) |
| Renter Occupied HU | 92 ( 6.8%) |
| Vacant Housing Units | 66 ( 4.9%) |
| Median Home Value | $261,993 |
| Average Home Value | $280,718 |
Housing Distribution
Address Breakdown
Residential
1,250
Single Family
1,250
Multi-Family
0
Businesses
35
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Nearby investment properties with comparable prices
Listed by: Marcia A Shaughnessy • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls Provider:
Mls ID: #24057811
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.