6602 S Square LnRockfordMI49341
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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 Rockford at 6602 S Square Ln, Rockford, MI, 49341 offers a 9.71% rental yield on a $355,900 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,742/mo payment leaves $533/mo available for distribution. Annual cash flow reaches $6,396/yr on $117,981 to close, and return on cash invested stands at 25.33% in year one. Equity gained on principal adds $2,297/yr while 5% annual appreciation supports $98,329 over five years. Portfolio math shows five-year ROI at 132.43% and total cumulative return in cash at $156,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,742/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
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
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Listed by: Eastbrook Homes • Eastbrook Homes Inc. Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N260810000114
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.