1491 Iva StBurtonMI48509
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1491 Iva St, Burton, MI, 48509 in Burton. At $239,900 it earns $1,952/mo in rent and distributes $370/mo to the owner after the $1,137/mo payment, a consistent 9.77% yield. DSCR 1.72 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $66,280 in value; $2,011/yr in principal paydown compounds ownership stake. Total projected return: $110,739.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.2% |
| Monthly Cash Flow | $370 | $8,500 |
City averages based on Burton market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,952 |
| Total Monthly Debt Service | $1,545 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1947
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48509, Burton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,993 (100%) |
| Owner Occupied HU | 3,368 (84.3%) |
| Renter Occupied HU | 485 (12.1%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $157,778 |
| Average Home Value | $187,962 |
Housing Distribution
Address Breakdown
Residential
4,046
Single Family
4,046
Multi-Family
0
Businesses
370
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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
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Nearby investment properties with comparable prices
