11268 S Shore DrRiverdaleMI48877
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 11268 S Shore Dr, Riverdale, MI, 48877 in Riverdale deserves attention. This $199,000 property earns $2,645/mo in rent, a 15.95% gross yield, and nets $1,316/mo after the $895/mo payment. DSCR 2.96 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $54,980 compounds alongside $1,833/yr in yearly equity build, for a total cumulative return of $160,614.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16% | 5.5% |
| Monthly Cash Flow | $1,316 | $450 |
City averages based on Riverdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,645 |
| Total Monthly Debt Service | $1,250 |
| DSCR Ratio | 2.12x |
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 1980
2.10 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48877, Riverdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 788 (77.7%) |
| Renter Occupied HU | 119 (11.7%) |
| Vacant Housing Units | 107 (10.6%) |
| Median Home Value | $169,022 |
| Average Home Value | $210,457 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
25
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 1980
2.10 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48877, Riverdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 788 (77.7%) |
| Renter Occupied HU | 119 (11.7%) |
| Vacant Housing Units | 107 (10.6%) |
| Median Home Value | $169,022 |
| Average Home Value | $210,457 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices