1340 Kings Cove DrRochesterMI48306
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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 Rochester at 1340 Kings Cove Dr, Rochester, MI, 48306 earns $428/mo cash flow from $2,472/mo rent with a $1,517/mo payment. Total monthly income totals $2,472/mo, and annual cash flow totals $5,138/yr on $102,732 capital. ROI tracks 24.91% on current figures, and rental yield reads 9.57% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 130.24% and total cumulative return in cash sums $133,800. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,472/mo property income instead of your personal income.
Condo
Built in 1979
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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