7994 Jericho Ave NERockfordMI49341
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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 Rockford at 7994 Jericho Ave NE, Rockford, MI, 49341 uses $230,267 cash to close to unlock $2,738/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $4,844/mo, and a $3,426/mo payment keeps the spread at $228/mo. Purchase price stands at $699,900, and rental yield measures 8.31% with $4,844/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 110.55% and total cumulative return in cash records $254,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,844/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1991
6.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49341, Rockford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,703 (100%) |
| Owner Occupied HU | 12,739 (86.6%) |
| Renter Occupied HU | 1,463 ( 10.0%) |
| Vacant Housing Units | 501 ( 3.4%) |
| Median Home Value | $404,412 |
| Average Home Value | $443,576 |
Housing Distribution
Address Breakdown
Residential
15,042
Single Family
14,501
Multi-Family
541
Businesses
771
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