9280 Parmeter 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 9280 Parmeter Ave NE, Rockford, MI, 49341 uses $125,639 cash to close to unlock $8,576/yr annual cash flow and $715/mo monthly cash flow. Total monthly income runs $3,214/mo, and a $1,855/mo payment keeps the spread at $715/mo. Purchase price stands at $379,000, and rental yield measures 10.18% with $3,214/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 139.97% and total cumulative return in cash records $175,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,214/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 2004
2.67 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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Listed by: Chloe Mercer • FIVE STAR REAL ESTATE - MT. PLEASANT
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927974
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.