23700 E Main StArmadaMI48005
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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 Armada at 23700 E Main St, Armada, MI, 48005 uses $86,190 cash to close to unlock $5,436/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,273/mo payment keeps the spread at $453/mo. Purchase price stands at $260,000, and rental yield measures 10.01% with $2,168/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 137.19% and total cumulative return in cash records $118,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1893
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48005, Armada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,772 (87.2%) |
| Renter Occupied HU | 189 ( 9.3%) |
| Vacant Housing Units | 70 ( 3.4%) |
| Median Home Value | $343,969 |
| Average Home Value | $386,707 |
Housing Distribution
Address Breakdown
Residential
1,895
Single Family
1,858
Multi-Family
37
Businesses
169
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