209 Esterly StEast JordanMI49727
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Nearby investment properties with comparable prices
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
Rental property for sale in East Jordan at 209 Esterly St, East Jordan, MI, 49727 priced at $349,000 pairs $2,362/mo rent with $61/mo cash flow after a $1,708/mo payment. Total monthly income equals $2,362/mo, and annual cash flow comes to $728/yr on $115,694 invested. Return on cash invested is 20.54% in year one, and rental yield stands at 8.12% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 106.75% and total cumulative return in cash reaches $123,504. For financing, Ziffy Mortgage’s DSCR program evaluates $2,362/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1906
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: Barb Shepherd • Harbor Sotheby's International Rlty - Harbor Sprgs
Mls Name: Northern Michigan MLS
Mls ID: #472735