7187 Phillips RdRubyMI48049
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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 Ruby at 7187 Phillips Rd, Ruby, MI, 48049 uses $132,567 cash to close to unlock $2,534/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $2,848/mo, and a $1,957/mo payment keeps the spread at $211/mo. Purchase price stands at $399,900, and rental yield measures 8.55% with $2,848/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 113.65% and total cumulative return in cash records $150,668. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,848/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1995
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48049, North Street, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,178 (100%) |
| Owner Occupied HU | 1,956 (89.8%) |
| Renter Occupied HU | 155 ( 7.1%) |
| Vacant Housing Units | 67 ( 3.1%) |
| Median Home Value | $267,787 |
| Average Home Value | $279,720 |
Housing Distribution
Address Breakdown
Residential
2,150
Single Family
2,150
Multi-Family
0
Businesses
40
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