6801 E Hovey RdRosebushMI48878
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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
Rental property for sale in Rosebush at 6801 E Hovey Rd, Rosebush, MI, 48878 generates $1,914/mo in rent and, after a $1,224/mo payment, leaves $265/mo in cash flow. Total monthly income is $1,914/mo, and annual cash flow is $3,180/yr on $82,875 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.19% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash sums $102,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,914/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48878, Rosebush, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 631 (100%) |
| Owner Occupied HU | 459 (72.7%) |
| Renter Occupied HU | 90 (14.3%) |
| Vacant Housing Units | 82 (13.0%) |
| Median Home Value | $158,929 |
| Average Home Value | $195,882 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
529
Multi-Family
20
Businesses
43
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