6691 Boca Vista Dr NE UNIT 201RockfordMI49341
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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 6691 Boca Vista Dr NE UNIT 201, Rockford, MI, 49341 uses $64,643 cash to close to unlock $2,274/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $954/mo payment keeps the spread at $190/mo. Purchase price stands at $195,000, and rental yield measures 11.23% with $1,825/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 124.61% and total cumulative return in cash records $80,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$350 monthly 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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