13886 Watersway DrGibraltarMI48173
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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 Gibraltar at 13886 Watersway Dr, Gibraltar, MI, 48173 earns $198/mo cash flow from $1,253/mo rent with a $783/mo payment. Total monthly income totals $1,253/mo, and annual cash flow totals $2,378/yr on $53,007 capital. ROI tracks 24.4% on current figures, and rental yield reads 9.4% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 127.51% and total cumulative return in cash sums $67,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,253/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48173, Rockwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,371 (100%) |
| Owner Occupied HU | 4,247 (79.1%) |
| Renter Occupied HU | 901 (16.8%) |
| Vacant Housing Units | 223 ( 4.2%) |
| Median Home Value | $299,316 |
| Average Home Value | $308,591 |
Housing Distribution
Address Breakdown
Residential
5,409
Single Family
5,025
Multi-Family
384
Businesses
201
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