1476 Carress DrEssexvilleMI48732
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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 1476 Carress Dr, Essexville, MI, 48732 listed at $349,900 pairs $2,669/mo rent with a $1,713/mo payment to leave $361/mo cash flow. Total monthly income runs $2,669/mo, and annual cash flow reaches $4,334/yr on $115,992 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.15% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 123.44% and total cumulative return in cash totals $143,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,669/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.44 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: Matthew Kowalski • Beal Properties LLC
Mls Name: MichRIC
Mls ID: #25051805