11406 3rd StRiverdaleMI48877
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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 Riverdale at 11406 3rd St, Riverdale, MI, 48877 generates $1,001/mo in rent and, after a $636/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,001/mo, and annual cash flow is $1,730/yr on $43,062 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 9.25% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 125.03% and total cumulative return in cash sums $53,839. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,001/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.42 Acres lot
$N/A/sqft
No 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
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