7843 Aarwood Trl NWRapid CityMI49676
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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 Rapid City at 7843 Aarwood Trl NW, Rapid City, MI, 49676 with 5% annual appreciation on a $1,229,000 basis while $6,158/mo rent supports operations. 5% in year one. Equity gained on principal adds $7,931/yr, and five-year appreciation sums $339,550 alongside rental yield of 6.01%. Five-year ROI measures 74.31% and total cumulative return in cash totals $295,880. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,158/mo property income versus a $6,015/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49676, Rapid City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,806 (100%) |
| Owner Occupied HU | 1,517 (54.1%) |
| Renter Occupied HU | 207 ( 7.4%) |
| Vacant Housing Units | 1,082 (38.6%) |
| Median Home Value | $282,477 |
| Average Home Value | $414,029 |
Housing Distribution
Address Breakdown
Residential
1,828
Single Family
1,828
Multi-Family
0
Businesses
75
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Listed by: Jeremiah Gruchow • RE/MAX of Grand Rapids (FH)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24045831
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.