6109 Edwards StSouth RockwoodMI48179
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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 South Rockwood at 6109 Edwards St, South Rockwood, MI, 48179 offers a 9.8% rental yield on a $242,900 purchase with $1,984/mo rent. Total monthly income registers $1,984/mo, and a $1,189/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,585/yr on $80,521 to close, and return on cash invested stands at 25.6% in year one. Equity gained on principal adds $1,567/yr while 5% annual appreciation supports $67,109 over five years. Portfolio math shows five-year ROI at 133.96% and total cumulative return in cash at $107,869. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,984/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Brian Russell • Premiere Realty Group, LLC
Mls Name: MiRealSource
Mls ID: #50182981