10837 Summit Ave 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 10837 Summit Ave NE, Rockford, MI, 49341 generates $2,984/mo in rent and, after a $1,566/mo payment, leaves $874/mo in cash flow. Total monthly income is $2,984/mo, and annual cash flow is $10,490/yr on $106,047 invested. Return on cash invested sits at 29.8% in year one, and rental yield is 11.19% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 156.45% and total cumulative return in cash sums $165,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,984/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.85 Acres lot
$N/A/sqft
No 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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