12800 Cherry AveRapid CityMI49676
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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 Rapid City at 12800 Cherry Ave, Rapid City, MI, 49676 earns from $1,457/mo rent with a $7,831/mo payment. Total monthly income totals $1,457/mo. ROI tracks -0.68% on current figures, and rental yield reads 1.09% at a $1,600,000 purchase. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,457/mo property income instead of your personal income.
Home Type Unknown
Built in 2000
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49676, Rapid City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,806 (100%) |
| Owner Occupied HU | 1,517 (54.1%) |
| Renter Occupied HU | 207 ( 7.4%) |
| Vacant Housing Units | 1,082 (38.6%) |
| Median Home Value | $282,477 |
| Average Home Value | $414,029 |
Housing Distribution
Address Breakdown
Residential
1,828
Single Family
1,828
Multi-Family
0
Businesses
75
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A