10523 Ll RdRapid RiverMI49878
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 10523 Ll Rd, Rapid River, MI, 49878 in Rapid River speaks for itself: 15.43% gross on a $232,900 price, generating $2,995/mo in rent and $1,459/mo in net income after the $1,047/mo debt service. DSCR 2.86, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,512 stacks alongside $64,346 in projected five-year appreciation and $2,145/yr in principal reduction. Projected total cumulative return: $182,690.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 6.0% |
| Monthly Cash Flow | $1,459 | $450 |
City averages based on Rapid River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,995 |
| Total Monthly Debt Service | $1,443 |
| DSCR Ratio | 2.08x |
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 1910
3.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
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 1910
3.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices