5605 Derby RdApplegateMI48401
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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
Rental property for sale in Applegate at 5605 Derby Rd, Applegate, MI, 48401 generates $1,446/mo in rent, after a $1,713/mo payment. Total monthly income is $1,446/mo. Return on cash invested sits at 10.99% in year one, and rental yield is 4.96% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 55.59% and total cumulative return in cash sums $64,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,446/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
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