7040 Penn CtPortlandMI48875
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Portland at 7040 Penn Ct, Portland, MI, 48875 offers $1,679/mo rent that, after a $1,810/mo payment. Total monthly income is $1,679/mo. Return on cash invested measures 12.47% in year one, and rental yield stands at 5.45% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 63.54% and total cumulative return in cash reaches $77,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,679/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48875, Portland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 3,418 (77.7%) |
| Renter Occupied HU | 820 (18.6%) |
| Vacant Housing Units | 163 ( 3.7%) |
| Median Home Value | $251,125 |
| Average Home Value | $277,849 |
Housing Distribution
Address Breakdown
Residential
4,375
Single Family
4,065
Multi-Family
310
Businesses
251
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