1056 W Center RdEssexvilleMI48732
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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
Rental property for sale in Essexville at 1056 W Center Rd, Essexville, MI, 48732 generates $2,723/mo in rent and, after a $1,419/mo payment, leaves $811/mo in cash flow. Total monthly income is $2,723/mo, and annual cash flow is $9,732/yr on $96,135 invested. Return on cash invested sits at 30.03% in year one, and rental yield is 11.27% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 157.65% and total cumulative return in cash sums $151,552. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,723/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48732, Essexville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,559 (67.9%) |
| Renter Occupied HU | 1,347 (25.7%) |
| Vacant Housing Units | 334 ( 6.4%) |
| Median Home Value | $172,752 |
| Average Home Value | $202,151 |
Housing Distribution
Address Breakdown
Residential
5,084
Single Family
3,837
Multi-Family
1,247
Businesses
214
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Listed by: Connie J Allen • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls ID: #50191282