1607 Hickory Trace Dr, Stevensville, MI, 49127 | $1,100/mo Cash Flow

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NMLS #2625701

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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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Investment Highlights

Rental property for sale in Stevensville at 1607 Hickory Trace Dr, Stevensville, MI, 49127 priced at $229,500 converts $2,958/mo rent into $1,100/mo cash flow after a $1,123/mo obligation. Total monthly income equals $2,958/mo, and annual cash flow totals $13,198/yr on $76,079 invested. Return on cash invested prints 37.26% in year one, and rental yield reads 15.47% against a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation compiles into $63,407 by year five. Five-year ROI reaches 198.38% and total cumulative return in cash sums $150,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,958/mo property income covering a $1,123/mo payment, not borrower’s personal income.

Condo

Built in 1995

N/A lot

$N/A/sqft

$345 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49127, Stevensville, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,035 (100%)
Owner Occupied HU	3,665 (72.8%)
Renter Occupied HU	825 (16.4%)
Vacant Housing Units	545 (10.8%)
Median Home Value	$339,340
Average Home Value	$402,919