29247 Adams DrGibraltarMI48173
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 29247 Adams Dr, Gibraltar, MI, 48173 in Gibraltar speaks for itself: 11.67% gross on a $229,900 price, generating $2,236/mo in rent and $720/mo in net income after the $1,034/mo debt service. DSCR 2.16, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,634 stacks alongside $63,517 in projected five-year appreciation and $2,117/yr in principal reduction. Projected total cumulative return: $133,933.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.0% |
| Monthly Cash Flow | $720 | $1,500 |
City averages based on Gibraltar market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,236 |
| Total Monthly Debt Service | $1,425 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2004
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices