9158 Summit 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 9158 Summit Ave NE, Rockford, MI, 49341 uses $134,258 cash to close to unlock $10,050/yr annual cash flow and $838/mo monthly cash flow. Total monthly income runs $3,508/mo, and a $1,982/mo payment keeps the spread at $838/mo. Purchase price stands at $405,000, and rental yield measures 10.39% with $3,508/mo rent. Return on cash invested shows 27.39% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 143.53% and total cumulative return in cash records $192,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,508/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.39 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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