10940 Derick DrWest OliveMI49460
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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
Investment property for sale in West Olive at 10940 Derick Dr, West Olive, MI, 49460 earns from $3,563/mo rent with a $3,377/mo payment. Total monthly income totals $3,563/mo. ROI tracks 14.84% on current figures, and rental yield reads 6.2% at a $690,000 purchase. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 over five years. Five-year ROI reaches 76.17% and total cumulative return in cash sums $172,916. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,563/mo property income instead of your personal income.
Single Family
Built in 2001
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49460, West Olive, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,031 (100%) |
| Owner Occupied HU | 3,340 (82.9%) |
| Renter Occupied HU | 268 ( 6.6%) |
| Vacant Housing Units | 423 (10.5%) |
| Median Home Value | $378,999 |
| Average Home Value | $441,543 |
Housing Distribution
Address Breakdown
Residential
3,784
Single Family
3,068
Multi-Family
716
Businesses
132
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Listed by: Linda L Crouse • RE/MAX Lakeshore
Mls Name: MichRIC
Mls Provider:
Mls ID: #25004897
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.