6124 River RdEast ChinaMI48054
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 East China at 6124 River Rd, East China, MI, 48054 listed at $410,000 pairs $1,465/mo rent with a $2,007/mo payment. Total monthly income runs $1,465/mo. Return on cash invested measures 8.97% in year one, and rental yield registers 4.29% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 44.69% and total cumulative return in cash totals $60,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,465/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48054, East China, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,143 (100%) |
| Owner Occupied HU | 2,593 (82.5%) |
| Renter Occupied HU | 349 (11.1%) |
| Vacant Housing Units | 201 ( 6.4%) |
| Median Home Value | $318,011 |
| Average Home Value | $350,303 |
Housing Distribution
Address Breakdown
Residential
3,101
Single Family
2,930
Multi-Family
171
Businesses
105
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Nearby investment properties with comparable prices
Listed by: Pamela Ceder • Sine & Monaghan Realtors LLC Algonac
Mls Name: MiRealSource
Mls ID: #50195599