2317 N M 66 HwyEast JordanMI49727
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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 East Jordan at 2317 N M 66 Hwy, East Jordan, MI, 49727 listed at $312,900 pairs $2,546/mo rent with a $1,531/mo payment to leave $483/mo cash flow. Total monthly income runs $2,546/mo, and annual cash flow reaches $5,797/yr on $103,726 cash to close. Return on cash invested measures 25.5% in year one, and rental yield registers 9.76% at a $312,900 basis. Equity gained on principal adds $2,019/yr, and annual property appreciation at 5% supports $86,449 by year five. Five-year ROI tracks 133.38% and total cumulative return in cash totals $138,354. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,546/mo property income relative to a $1,531/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
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: Gary Roberts • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #478067