73640 Fulton StArmadaMI48005
Nearby investment properties with comparable rents
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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 Armada at 73640 Fulton St, Armada, MI, 48005 generates $3,152/mo in rent and, after a $1,762/mo payment, leaves $778/mo in cash flow. Total monthly income is $3,152/mo, and annual cash flow is $9,336/yr on $119,340 invested. Return on cash invested sits at 27.73% in year one, and rental yield is 10.51% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 145.32% and total cumulative return in cash sums $173,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
0.37 Acres 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
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