315 Elm StEast JordanMI49727
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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 East Jordan at 315 Elm St, East Jordan, MI, 49727 earns $59/mo cash flow from $1,542/mo rent with a $1,101/mo payment. Total monthly income totals $1,542/mo, and annual cash flow totals $704/yr on $74,554 capital. ROI tracks 20.85% on current figures, and rental yield reads 8.23% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 108.45% and total cumulative return in cash sums $80,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,542/mo property income instead of your personal income.
Single Family
Built in 1987
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: Kenneth Heath • EXP Realty
Mls Name: Northern Michigan MLS
Mls ID: #478323