6109 Edwards StSouth RockwoodMI48179
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 6109 Edwards St, South Rockwood, MI, 48179 in South Rockwood is straightforward: $242,900 in, $1,984/mo in rent, $382/mo out after debt service. The 9.8% gross yield and 1.82 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $67,109 by year five. With $2,237/yr in principal equity, the total cumulative return is projected at $117,190.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $382 | $450 |
City averages based on South Rockwood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,984 |
| Total Monthly Debt Service | $1,505 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48179, South Rockwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,085 (74.2%) |
| Renter Occupied HU | 296 (20.2%) |
| Vacant Housing Units | 82 ( 5.6%) |
| Median Home Value | $317,474 |
| Average Home Value | $348,190 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
58
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
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48179, South Rockwood, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,463 (100%) |
| Owner Occupied HU | 1,085 (74.2%) |
| Renter Occupied HU | 296 (20.2%) |
| Vacant Housing Units | 82 ( 5.6%) |
| Median Home Value | $317,474 |
| Average Home Value | $348,190 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Russell • Premiere Realty Group, LLC
Mls Name: MiRealSource
Mls ID: #50182981