8034 Garfield St 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
Rental property for sale in Rapid City at 8034 Garfield St NW, Rapid City, MI, 49676 generates $904/mo in rent and, after a $582/mo payment, leaves $120/mo in cash flow. Total monthly income is $904/mo, and annual cash flow is $1,436/yr on $39,449 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 9.12% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash sums $48,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $904/mo property income rather than buyer’s personal income.
Manufactured
Built in 1976
0.35 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: Stephanie Koppe • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls ID: #1940063