2833 E 40th StIdlewildMI49642
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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 Idlewild at 2833 E 40th St, Idlewild, MI, 49642 earns from $1,625/mo rent with a $1,274/mo payment. Total monthly income totals $1,625/mo. ROI tracks 18.64% on current figures, and rental yield reads 7.49% at a $260,200 purchase. Equity gained on principal adds $1,679/yr, and 5% annual appreciation supports $71,888 over five years. Five-year ROI reaches 96.59% and total cumulative return in cash sums $83,312. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,625/mo property income instead of your personal income.
Single Family
Built in N/A
4.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49642, Idlewild, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 341 (28.8%) |
| Renter Occupied HU | 103 ( 8.7%) |
| Vacant Housing Units | 739 (62.5%) |
| Median Home Value | $156,786 |
| Average Home Value | $200,029 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
362
Multi-Family
23
Businesses
24
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