9990 N Lumberjack RdRiverdaleMI48877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Riverdale at 9990 N Lumberjack Rd, Riverdale, MI, 48877 offers a 9.59% rental yield on a $189,000 purchase with $1,511/mo rent. Total monthly income registers $1,511/mo, and a $925/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,176/yr on $62,654 to close, and return on cash invested stands at 24.98% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 130.58% and total cumulative return in cash at $81,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,511/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
2.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48877, Riverdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 788 (77.7%) |
| Renter Occupied HU | 119 (11.7%) |
| Vacant Housing Units | 107 (10.6%) |
| Median Home Value | $169,022 |
| Average Home Value | $210,457 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices