5977 Irene Way DrRockfordMI49341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rockford at 5977 Irene Way Dr, Rockford, MI, 49341 earns $136/mo cash flow from $1,711/mo rent with a $1,169/mo payment. Total monthly income totals $1,711/mo, and annual cash flow totals $1,632/yr on $79,162 capital. ROI tracks 21.97% on current figures, and rental yield reads 8.6% at a $238,800 purchase. Equity gained on principal adds $1,541/yr, and 5% annual appreciation supports $65,976 over five years. Five-year ROI reaches 114.49% and total cumulative return in cash sums $90,634. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,711/mo property income instead of your personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices