74241 Burk StArmadaMI48005
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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 Armada at 74241 Burk St, Armada, MI, 48005 uses $81,516 cash to close to unlock $39,271/yr annual cash flow and $3,273/mo monthly cash flow. Total monthly income runs $4,968/mo, and a $1,204/mo payment keeps the spread at $3,273/mo. Purchase price stands at $245,900, and rental yield measures 24.24% with $4,968/mo rent. Return on cash invested shows 68.09% in year one, and 5% annual appreciation builds toward $67,938 over five years. Five-year ROI reaches 362.13% and total cumulative return in cash records $295,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,968/mo property income covering a $1,204/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.33 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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