7090 Fargo RdGreenwoodMI48006
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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 Greenwood at 7090 Fargo Rd, Greenwood, MI, 48006 with 5% annual appreciation on a $180,000 basis while $2,264/mo rent supports operations. Total monthly income totals $2,264/mo and a $881/mo payment preserves $1,077/mo for cash returns. Annual cash flow comes to $12,924/yr on $59,670 deployed, and return on cash invested reaches 41.57% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 15.09%. Five-year ROI measures 219.5% and total cumulative return in cash totals $130,973.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,264/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
69.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48006, Avoca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,356 (86.6%) |
| Renter Occupied HU | 112 ( 7.2%) |
| Vacant Housing Units | 97 ( 6.2%) |
| Median Home Value | $289,954 |
| Average Home Value | $306,615 |
Housing Distribution
Address Breakdown
Residential
1,475
Single Family
1,475
Multi-Family
0
Businesses
29
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