1473 Lesperance CtEssexvilleMI48732
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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
Total monthly income runs $1,536/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 7.37% with $1,536/mo rent. Return on cash invested shows 18.27% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 94.59% and total cumulative return in cash records $78,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.25 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: Tracy Sampson • RE/MAX of Midland
Mls Name: MiRealSource
Mls ID: #50193426