8054 Myers Lake 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 8054 Myers Lake Ave NE, Rockford, MI, 49341 earns $117/mo cash flow from $4,350/mo rent with a $3,142/mo payment. Total monthly income totals $4,350/mo, and annual cash flow totals $1,399/yr on $211,218 capital. ROI tracks 20.72% on current figures, and rental yield reads 8.13% at a $642,000 purchase. Equity gained on principal adds $4,143/yr, and 5% annual appreciation supports $177,373 over five years. Five-year ROI reaches 107.71% and total cumulative return in cash sums $227,506. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,350/mo property income instead of your personal income.
Single Family
Built in 1958
2.45 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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