2141 N Englehart RdDefordMI48729
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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 Deford at 2141 N Englehart Rd, Deford, MI, 48729 priced at $269,000 converts $1,848/mo rent into $74/mo cash flow after a $1,317/mo obligation. Total monthly income equals $1,848/mo, and annual cash flow totals $884/yr on $89,174 invested. Return on cash invested prints 20.9% in year one, and rental yield reads 8.24% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 108.72% and total cumulative return in cash sums $96,947. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,848/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48729, Deford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 700 (100%) |
| Owner Occupied HU | 533 (76.1%) |
| Renter Occupied HU | 64 ( 9.1%) |
| Vacant Housing Units | 103 (14.7%) |
| Median Home Value | $184,511 |
| Average Home Value | $202,111 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
8
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