417 Parkdale Ave UNIT 10RochesterMI48307
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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 Rochester at 417 Parkdale Ave UNIT 10, Rochester, MI, 48307 uses $56,919 cash to close to unlock $3,697/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,765/mo, and a $840/mo payment keeps the spread at $308/mo. Purchase price stands at $171,700, and rental yield measures 12.34% with $1,765/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $47,438 over five years. Five-year ROI reaches 140.77% and total cumulative return in cash records $80,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,765/mo property income covering a $840/mo payment rather than investor’s personal income.
Condo
Built in 1966
1.70 Acres lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48307, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,309 (100%) |
| Owner Occupied HU | 12,822 (63.1%) |
| Renter Occupied HU | 6,392 (31.5%) |
| Vacant Housing Units | 1,095 ( 5.4%) |
| Median Home Value | $391,661 |
| Average Home Value | $417,682 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
16,548
Multi-Family
2,799
Businesses
1,720
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