344 S Pine StEvartMI49631
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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
Rental property for sale in Evart at 344 S Pine St, Evart, MI, 49631 priced at $102,400 pairs $1,973/mo rent with $1,298/mo cash flow after a $501/mo payment. Total monthly income equals $1,973/mo, and annual cash flow comes to $15,575/yr on $33,946 invested. Return on cash invested is 65.79% in year one, and rental yield stands at 23.12% on a $102,400 basis. Equity gained on principal adds $661/yr, and 5% annual appreciation accumulates to $28,291 by year five. Five-year ROI measures 349.45% and total cumulative return in cash reaches $118,621. For financing, Ziffy Mortgage’s DSCR program evaluates $1,973/mo property income against a $501/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1874
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
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