9047 Algoma 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 9047 Algoma Ave NE, Rockford, MI, 49341 earns $700/mo cash flow from $3,602/mo rent with a $2,154/mo payment. Total monthly income totals $3,602/mo, and annual cash flow totals $8,400/yr on $145,860 capital. ROI tracks 25.67% on current figures, and rental yield reads 9.82% at a $440,000 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,564 over five years. Five-year ROI reaches 134.25% and total cumulative return in cash sums $195,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,602/mo property income instead of your personal income.
Single Family
Built in 1977
3.08 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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