6947 N Parma Rd, Parma, MI, 49269 | Equity Gain $6,292/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Parma at 6947 N Parma Rd, Parma, MI, 49269 generates $1,020/mo in rent, after a $4,772/mo payment. Total monthly income is $1,020/mo. Return on cash invested sits at -0.18% in year one, and rental yield is 1.26% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

1.14 Acres lot

$N/A/sqft

No HOA