3990 N Ferris RdRiverdaleMI48877
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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 Riverdale at 3990 N Ferris Rd, Riverdale, MI, 48877 uses $44,753 cash to close to unlock $5,214/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $661/mo payment keeps the spread at $435/mo. Purchase price stands at $135,000, and rental yield measures 11.78% with $1,325/mo rent. Return on cash invested shows 31.56% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 165.87% and total cumulative return in cash records $74,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48877, Riverdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 788 (77.7%) |
| Renter Occupied HU | 119 (11.7%) |
| Vacant Housing Units | 107 (10.6%) |
| Median Home Value | $169,022 |
| Average Home Value | $210,457 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
25
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