73385 Floral StArmadaMI48005
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 73385 Floral St, Armada, MI, 48005 in Armada: $1,844/mo in rent, $526/mo net, 11.07% gross yield, all on a $200,000 acquisition. The 2.05 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $55,256 in value, and $1,842/yr in principal paydown steadily builds equity. Projected total cumulative return: $109,991.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.5% |
| Monthly Cash Flow | $526 | $450 |
City averages based on Armada market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,844 |
| Total Monthly Debt Service | $1,239 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1890
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48005, Armada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,772 (87.2%) |
| Renter Occupied HU | 189 ( 9.3%) |
| Vacant Housing Units | 70 ( 3.4%) |
| Median Home Value | $343,969 |
| Average Home Value | $386,707 |
Housing Distribution
Address Breakdown
Residential
1,895
Single Family
1,858
Multi-Family
37
Businesses
169
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
Single Family
Built in 1890
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48005, Armada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,772 (87.2%) |
| Renter Occupied HU | 189 ( 9.3%) |
| Vacant Housing Units | 70 ( 3.4%) |
| Median Home Value | $343,969 |
| Average Home Value | $386,707 |
Housing Distribution
Address Breakdown
Residential
1,895
Single Family
1,858
Multi-Family
37
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices