1007 N Main StEvartMI49631
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 Evart at 1007 N Main St, Evart, MI, 49631 with 5% annual appreciation on a $189,000 basis while $1,700/mo rent supports operations. Total monthly income totals $1,700/mo and a $925/mo payment preserves $454/mo for cash returns. Annual cash flow comes to $5,444/yr on $62,654 deployed, and return on cash invested reaches 28.6% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 10.79%. Five-year ROI measures 149.98% and total cumulative return in cash totals $93,970.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,700/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
