8120 Westview DrRapid 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
Total monthly income runs $2,249/mo, and a $3,108/mo payment. Purchase price stands at $635,000, and rental yield measures 4.25% with $2,249/mo rent. Return on cash invested shows 8.93% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 44.46% and total cumulative return in cash records $92,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,249/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Single Family
Built in 2001
1.14 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: Toni Morrison • REO - Elk Rapids-101308
Mls Name: NGLRMLS
Mls ID: #1940606