27901 Shorewood DrCovertMI49043
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 Covert at 27901 Shorewood Dr, Covert, MI, 49043 earns from $2,742/mo rent with a $4,381/mo payment. Total monthly income totals $2,742/mo. ROI tracks 6.25% on current figures, and rental yield reads 3.68% at a $895,000 purchase. Equity gained on principal adds $5,775/yr, and 5% annual appreciation supports $247,272 over five years. Five-year ROI reaches 30.42% and total cumulative return in cash sums $89,582. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,742/mo property income instead of your personal income.
Single Family
Built in 1930
0.42 Acres lot
$N/A/sqft
$2,750 annually 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
