33259 Orchard StCovertMI49043
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 33259 Orchard St, Covert, MI, 49043 uses $58,013 cash to close to unlock $2,946/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,400/mo, and a $857/mo payment keeps the spread at $246/mo. Purchase price stands at $175,000, and rental yield measures 9.6% with $1,400/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 130.66% and total cumulative return in cash records $75,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,400/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8.13 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
