4617 Covington CtRochesterMI48306
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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 4617 Covington Ct, Rochester, MI, 48306 uses $165,717 cash to close to unlock $8,198/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $3,980/mo, and a $2,447/mo payment keeps the spread at $683/mo. Purchase price stands at $499,900, and rental yield measures 9.55% with $3,980/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 129.92% and total cumulative return in cash records $215,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,980/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1994
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48306, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,593 (100%) |
| Owner Occupied HU | 9,469 (89.4%) |
| Renter Occupied HU | 840 ( 7.9%) |
| Vacant Housing Units | 284 ( 2.7%) |
| Median Home Value | $537,210 |
| Average Home Value | $597,620 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
10,006
Multi-Family
472
Businesses
189
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