8067 Cherry AveRapid 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 8067 Cherry Ave, Rapid City, MI, 49676 uses $51,383 cash to close to unlock $11,874/yr annual cash flow and $990/mo monthly cash flow. Total monthly income runs $2,012/mo, and a $759/mo payment keeps the spread at $990/mo. Purchase price stands at $155,000, and rental yield measures 15.58% with $2,012/mo rent. Return on cash invested shows 43.02% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 227.34% and total cumulative return in cash records $116,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,012/mo property income covering a $759/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
1.15 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: Sharon Reid-Brown • Bayside Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933514
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.