1246 Kings Cove CtRochesterMI48306
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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 Rochester at 1246 Kings Cove Ct, Rochester, MI, 48306 generates $2,464/mo in rent and, after a $1,346/mo payment, leaves $651/mo in cash flow. Total monthly income is $2,464/mo, and annual cash flow is $7,806/yr on $91,163 invested. Return on cash invested sits at 28.47% in year one, and rental yield is 10.75% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 149.3% and total cumulative return in cash sums $136,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,464/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48306, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,593 (100%) |
| Owner Occupied HU | 9,469 (89.4%) |
| Renter Occupied HU | 840 ( 7.9%) |
| Vacant Housing Units | 284 ( 2.7%) |
| Median Home Value | $537,210 |
| Average Home Value | $597,620 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
10,006
Multi-Family
472
Businesses
189
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