212 Covert RdLeslieMI49251
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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
Rental property for sale in Leslie at 212 Covert Rd, Leslie, MI, 49251 priced at $349,900 pairs $1,786/mo rent with after a $1,713/mo payment. Total monthly income equals $1,786/mo. Return on cash invested is 14.51% in year one, and rental yield stands at 6.13% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 74.45% and total cumulative return in cash reaches $86,358. For financing, Ziffy Mortgage’s DSCR program evaluates $1,786/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
4.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49251, Leslie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 2,147 (81.6%) |
| Renter Occupied HU | 342 (13.0%) |
| Vacant Housing Units | 141 ( 5.4%) |
| Median Home Value | $241,615 |
| Average Home Value | $265,642 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,274
Multi-Family
31
Businesses
117
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Listed by: Alissa Pawlowski • Vision Real Estate
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286149
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS