73981 Church StArmadaMI48005
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 73981 Church St, Armada, MI, 48005 in Armada hard to pass up. The 10.72% gross yield on a $319,900 purchase results in $2,857/mo in rent and $748/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.99). Annual cash flow of $8,971, five-year appreciation of $88,382, and $2,946/yr in equity build-up combine for a projected total cumulative return of $170,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.5% |
| Monthly Cash Flow | $748 | $450 |
City averages based on Armada market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,857 |
| Total Monthly Debt Service | $1,982 |
| DSCR Ratio | 1.44x |
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 1900
7,840 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 1900
7,840 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
