29441 M 140 HwyCovertMI49043
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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 Covert at 29441 M 140 Hwy, Covert, MI, 49043 earns $12/mo cash flow from $2,254/mo rent with a $1,664/mo payment. Total monthly income totals $2,254/mo, and annual cash flow totals $146/yr on $112,677 capital. ROI tracks 20.04% on current figures, and rental yield reads 7.96% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 104.11% and total cumulative return in cash sums $117,311. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,254/mo property income instead of your personal income.
Single Family
Built in 1950
19.48 Acres 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
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