13627 Iowa AveEagleMI48822
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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 Eagle at 13627 Iowa Ave, Eagle, MI, 48822 generates $783/mo in rent and, after a $509/mo payment, leaves $97/mo in cash flow. Total monthly income is $783/mo, and annual cash flow is $1,166/yr on $34,476 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 9.03% on a $103,999 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation builds toward $28,733 over five years. Five-year ROI reaches 121.65% and total cumulative return in cash sums $41,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $783/mo property income rather than buyer’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48822, Eagle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,217 (100%) |
| Owner Occupied HU | 1,083 (89.0%) |
| Renter Occupied HU | 87 ( 7.1%) |
| Vacant Housing Units | 47 ( 3.9%) |
| Median Home Value | $323,021 |
| Average Home Value | $373,892 |
Housing Distribution
Address Breakdown
Residential
1,189
Single Family
1,189
Multi-Family
0
Businesses
34
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