1606 Borton AveEssexvilleMI48732
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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 1606 Borton Ave, Essexville, MI, 48732 uses $49,692 cash to close to unlock $1,682/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,129/mo, and a $734/mo payment keeps the spread at $140/mo. Purchase price stands at $149,900, and rental yield measures 9.04% with $1,129/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 121.63% and total cumulative return in cash records $60,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,129/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
32 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: Karen Chevalier • Mid-Michigan Realty
Mls Name: MiRealSource
Mls ID: #50186003