1906 Independence CtRochester HillsMI48306
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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 Hills at 1906 Independence Ct, Rochester Hills, MI, 48306 uses $197,367 cash to close to unlock $4,202/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $4,306/mo, and a $2,936/mo payment keeps the spread at $350/mo. Purchase price stands at $599,900, and rental yield measures 8.61% with $4,306/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 115.59% and total cumulative return in cash records $228,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,306/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.32 Acres 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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Listed by: Andrew F Colburn • The Drew Colburn Real Estate Group
Mls Name: Realcomp II
Mls ID: #20251031467