11928 Eleven Mile RdRodneyMI49342
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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
Total monthly income runs $2,497/mo, and a $3,030/mo payment. Purchase price stands at $619,000, and rental yield measures 4.84% with $2,497/mo rent. Return on cash invested shows 10.72% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 54.06% and total cumulative return in cash records $110,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,497/mo property income covering a $3,030/mo payment rather than investor’s personal income.
Single Family
Built in 1955
64.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49342, Rodney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 968 (100%) |
| Owner Occupied HU | 545 (56.3%) |
| Renter Occupied HU | 68 ( 7.0%) |
| Vacant Housing Units | 355 (36.7%) |
| Median Home Value | $192,788 |
| Average Home Value | $225,697 |
Housing Distribution
Address Breakdown
Residential
763
Single Family
763
Multi-Family
0
Businesses
15
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