5600 Cross RdConcordMI49237
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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 Concord at 5600 Cross Rd, Concord, MI, 49237 earns from $2,477/mo rent with a $2,129/mo payment. Total monthly income totals $2,477/mo. ROI tracks 16.65% on current figures, and rental yield reads 6.83% at a $434,900 purchase. Equity gained on principal adds $2,806/yr, and 5% annual appreciation supports $120,155 over five years. Five-year ROI reaches 85.9% and total cumulative return in cash sums $123,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,477/mo property income instead of your personal income.
Single Family
Built in 1987
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
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