1358 N Jones 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
Investment property for sale in Essexville at 1358 N Jones Rd, Essexville, MI, 48732 listed at $795,000 pairs $4,762/mo rent with a $3,891/mo payment. Total monthly income runs $4,762/mo. Return on cash invested measures 17.86% in year one, and rental yield registers 7.19% at a $795,000 basis. Equity gained on principal adds $5,130/yr, and annual property appreciation at 5% supports $219,644 by year five. Five-year ROI tracks 92.34% and total cumulative return in cash totals $241,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,762/mo property income relative to a $3,891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
4.74 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: Mark Duncan • RE/MAX Results
Mls Name: MiRealSource
Mls ID: #50181888