200 Nebobish 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 200 Nebobish Ave, Essexville, MI, 48732 with 5% annual appreciation on a $149,000 basis while $1,131/mo rent supports operations. Total monthly income totals $1,131/mo and a $729/mo payment preserves $149/mo for cash returns. Annual cash flow comes to $1,784/yr on $49,394 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.11%. Five-year ROI measures 122.79% and total cumulative return in cash totals $60,652.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,131/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
8,712 sqft 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: Shelby Newhouse • Wentworth Real Estate Group
Mls Name: NGLRMLS
Mls ID: #1941829