587 Legacy Ct NERockfordMI49341
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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 Rockford at 587 Legacy Ct NE, Rockford, MI, 49341 generates $3,971/mo in rent and, after a $2,521/mo payment, leaves $535/mo in cash flow. Total monthly income is $3,971/mo, and annual cash flow is $6,414/yr on $169,435 invested. Return on cash invested sits at 23.85% in year one, and rental yield is 9.25% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 124.57% and total cumulative return in cash sums $211,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,971/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49341, Rockford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,703 (100%) |
| Owner Occupied HU | 12,739 (86.6%) |
| Renter Occupied HU | 1,463 ( 10.0%) |
| Vacant Housing Units | 501 ( 3.4%) |
| Median Home Value | $404,412 |
| Average Home Value | $443,576 |
Housing Distribution
Address Breakdown
Residential
15,042
Single Family
14,501
Multi-Family
541
Businesses
771
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