10628 Blue Spruce Dr NERockfordMI49341
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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
Rental property for sale in Rockford at 10628 Blue Spruce Dr NE, Rockford, MI, 49341 generates $2,077/mo in rent, after a $1,884/mo payment. Total monthly income is $2,077/mo. Return on cash invested sits at 15.19% in year one, and rental yield is 6.47% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 78.24% and total cumulative return in cash sums $99,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,077/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
1.46 Acres lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49341, Rockford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,703 (100%) |
| Owner Occupied HU | 12,739 (86.6%) |
| Renter Occupied HU | 1,463 ( 10.0%) |
| Vacant Housing Units | 501 ( 3.4%) |
| Median Home Value | $404,412 |
| Average Home Value | $443,576 |
Housing Distribution
Address Breakdown
Residential
15,042
Single Family
14,501
Multi-Family
541
Businesses
771
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