8706 Cork RdGreenwoodMI48006
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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 Greenwood at 8706 Cork Rd, Greenwood, MI, 48006 generates $3,058/mo in rent and, after a $1,591/mo payment, leaves $915/mo in cash flow. Total monthly income is $3,058/mo, and annual cash flow is $10,974/yr on $107,738 invested. Return on cash invested sits at 30.09% in year one, and rental yield is 11.29% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 158.01% and total cumulative return in cash sums $170,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
5.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48006, Avoca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,565 (100%) |
| Owner Occupied HU | 1,356 (86.6%) |
| Renter Occupied HU | 112 ( 7.2%) |
| Vacant Housing Units | 97 ( 6.2%) |
| Median Home Value | $289,954 |
| Average Home Value | $306,615 |
Housing Distribution
Address Breakdown
Residential
1,475
Single Family
1,475
Multi-Family
0
Businesses
29
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