76094 Memphis Ridge RdRichmondMI48062
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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 Richmond at 76094 Memphis Ridge Rd, Richmond, MI, 48062 earns $583/mo cash flow from $2,620/mo rent with a $1,512/mo payment. Total monthly income totals $2,620/mo, and annual cash flow totals $6,992/yr on $102,434 capital. ROI tracks 26.74% on current figures, and rental yield reads 10.17% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 140% and total cumulative return in cash sums $143,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,620/mo property income instead of your personal income.
Single Family
Built in 1998
1.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48062, Richmond, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,867 (100%) |
| Owner Occupied HU | 3,051 (78.9%) |
| Renter Occupied HU | 667 (17.2%) |
| Vacant Housing Units | 149 ( 3.9%) |
| Median Home Value | $294,582 |
| Average Home Value | $315,379 |
Housing Distribution
Address Breakdown
Residential
3,838
Single Family
3,610
Multi-Family
228
Businesses
381
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