7766 E Ridge DrAlmontMI48003
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
Investment Highlights
Rental property for sale in Almont at 7766 E Ridge Dr, Almont, MI, 48003 offers $1,765/mo rent that, after a $1,170/mo payment, leaves $49/mo cash flow. Total monthly income is $1,765/mo, and annual cash flow is $582/yr on $79,262 cash. Return on cash invested measures 20.64% in year one, and rental yield stands at 8.86% at a $239,100 entry. Equity gained on principal adds $1,543/yr while 5% annual appreciation compounds into $66,059 by year five. Five-year ROI records 108.11% and total cumulative return in cash reaches $85,688. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,765/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1998
0.45 Acres lot
$N/A/sqft
$140 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48003, Almont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,657 (100%) |
| Owner Occupied HU | 2,290 (86.2%) |
| Renter Occupied HU | 244 ( 9.2%) |
| Vacant Housing Units | 123 ( 4.6%) |
| Median Home Value | $315,236 |
| Average Home Value | $358,599 |
Housing Distribution
Address Breakdown
Residential
2,268
Single Family
2,029
Multi-Family
239
Businesses
197
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