29247 Adams 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 29247 Adams Dr, Gibraltar, MI, 48173 listed at $229,900 pairs $2,236/mo rent with a $1,125/mo payment to leave $720/mo cash flow. Total monthly income runs $2,236/mo, and annual cash flow reaches $8,642/yr on $76,212 cash to close. Return on cash invested measures 31.25% in year one, and rental yield registers 11.67% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 164.23% and total cumulative return in cash totals $125,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,236/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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