6930 S Huron River DrSouth 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 6930 S Huron River Dr, South Rockwood, MI, 48179 with 5% annual appreciation on a $104,900 basis while $1,340/mo rent supports operations. Total monthly income totals $1,340/mo and a $513/mo payment preserves $649/mo for cash returns. Annual cash flow comes to $7,784/yr on $34,774 deployed, and return on cash invested reaches 42.29% in year one. Equity gained on principal adds $677/yr, and five-year appreciation sums $28,982 alongside rental yield of 15.33%. Five-year ROI measures 223.46% and total cumulative return in cash totals $77,706.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,340/mo property income versus a $513/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
4,791 sqft 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: Donovan Clark-Thrash • Vylla Homes
Mls Name: MichRIC
Mls Provider:
Mls ID: #24027172
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.