7024 Munford RdRuthMI48470
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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 Ruth at 7024 Munford Rd, Ruth, MI, 48470 generates $1,552/mo in rent and, after a $744/mo payment, leaves $550/mo in cash flow. Total monthly income is $1,552/mo, and annual cash flow is $6,595/yr on $50,388 invested. Return on cash invested sits at 33% in year one, and rental yield is 12.25% on a $152,000 entry. Equity gained on principal adds $981/yr, while 5% annual appreciation builds toward $41,995 over five years. Five-year ROI reaches 173.61% and total cumulative return in cash sums $87,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,552/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48470, Ruth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 306 (86.2%) |
| Renter Occupied HU | 26 ( 7.3%) |
| Vacant Housing Units | 23 ( 6.5%) |
| Median Home Value | $222,951 |
| Average Home Value | $280,286 |
Housing Distribution
Address Breakdown
Residential
293
Single Family
293
Multi-Family
0
Businesses
17
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