229 E Howard City Edmore RdEdmoreMI48829
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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 Edmore at 229 E Howard City Edmore Rd, Edmore, MI, 48829 offers $1,948/mo rent that, after a $1,835/mo payment. Total monthly income is $1,948/mo. Return on cash invested measures 14.85% in year one, and rental yield stands at 6.23% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 76.23% and total cumulative return in cash reaches $94,767. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,948/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
36.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48829, Edmore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,047 (69.0%) |
| Renter Occupied HU | 315 (20.8%) |
| Vacant Housing Units | 155 (10.2%) |
| Median Home Value | $169,929 |
| Average Home Value | $196,390 |
Housing Distribution
Address Breakdown
Residential
1,194
Single Family
1,170
Multi-Family
24
Businesses
102
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