29054 Springstead StGibraltarMI48173
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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 29054 Springstead St, Gibraltar, MI, 48173 uses $57,648 cash to close to unlock $1,912/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,306/mo, and a $851/mo payment keeps the spread at $159/mo. Purchase price stands at $173,900, and rental yield measures 9.01% with $1,306/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $48,045 over five years. Five-year ROI reaches 121.23% and total cumulative return in cash records $69,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,306/mo property income covering a $851/mo payment rather than investor’s personal income.
Single Family
Built in 1972
4,791 sqft 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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