34637 76th StCovertMI49043
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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 Covert at 34637 76th St, Covert, MI, 49043 generates $933/mo in rent and, after a $578/mo payment, leaves $154/mo in cash flow. Total monthly income is $933/mo, and annual cash flow is $1,850/yr on $39,167 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.48% on a $118,150 entry. Equity gained on principal adds $762/yr, while 5% annual appreciation builds toward $32,643 over five years. Five-year ROI reaches 128.81% and total cumulative return in cash sums $50,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $933/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
5.15 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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