27901 Sherwood DrCovertMI49043
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 27901 Sherwood Dr, Covert, MI, 49043 in Covert worth study. Rental yield 5.39%. The 5.39% gross yield is below cash-flow benchmarks at $598,200, but 5% annual appreciation, adding $165,272 over five years, frames this as a capital growth position. Rent of $2,686/mo partially offsets the $2,690/mo payment. Ziffy Mortgage finances appreciation-play properties (1.00 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $146,909.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 6.5% |
| Monthly Cash Flow | $(1,259) | $450 |
City averages based on Covert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,686 |
| Total Monthly Debt Service | $3,707 |
| DSCR Ratio | 0.72x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49043, Covert, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,245 (100%) |
| Owner Occupied HU | 561 (45.1%) |
| Renter Occupied HU | 189 (15.2%) |
| Vacant Housing Units | 495 (39.8%) |
| Median Home Value | $216,489 |
| Average Home Value | $242,291 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
978
Multi-Family
29
Businesses
40
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
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49043, Covert, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,245 (100%) |
| Owner Occupied HU | 561 (45.1%) |
| Renter Occupied HU | 189 (15.2%) |
| Vacant Housing Units | 495 (39.8%) |
| Median Home Value | $216,489 |
| Average Home Value | $242,291 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
978
Multi-Family
29
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices