23237 N Evan CtNew BostonMI48164
Nearby investment properties with comparable rents
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
Investment property for sale in New Boston at 23237 N Evan Ct, New Boston, MI, 48164 earns from $1,919/mo rent with a $2,887/mo payment. Total monthly income totals $1,919/mo. ROI tracks 7.87% on current figures, and rental yield reads 3.9% at a $589,900 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 over five years. Five-year ROI reaches 38.83% and total cumulative return in cash sums $75,357. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,919/mo property income instead of your personal income.
Single Family
Built in 1993
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hassan M Osseili • RE/MAX Team 2000
Mls Name: Realcomp II
Mls ID: #20251059387