4660 Royal Cove Dr #5UticaMI48316
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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 Utica at 4660 Royal Cove Dr #5, Utica, MI, 48316 uses $115,992 cash to close to unlock $2,114/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $2,484/mo, and a $1,713/mo payment keeps the spread at $176/mo. Purchase price stands at $349,900, and rental yield measures 8.52% with $2,484/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 113.18% and total cumulative return in cash records $131,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,484/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48316, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 9,236 (76.6%) |
| Renter Occupied HU | 2,342 (19.4%) |
| Vacant Housing Units | 476 ( 3.9%) |
| Median Home Value | $414,600 |
| Average Home Value | $442,483 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
11,179
Multi-Family
959
Businesses
597
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