16328 110th AveEvartMI49631
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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 Evart at 16328 110th Ave, Evart, MI, 49631 uses $48,366 cash to close to unlock $2,508/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,171/mo, and a $714/mo payment keeps the spread at $209/mo. Purchase price stands at $145,900, and rental yield measures 9.63% with $1,171/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 131.16% and total cumulative return in cash records $63,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,171/mo property income covering a $714/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
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Listed by: Midge Nixon • REMAX Central
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932294
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.