3501 Idle Hour CtBurtchvilleMI48059
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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 Burtchville at 3501 Idle Hour Ct, Burtchville, MI, 48059 priced at $215,000 pairs $1,703/mo rent with $286/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,703/mo, and annual cash flow comes to $3,426/yr on $71,273 invested. Return on cash invested is 24.72% in year one, and rental yield stands at 9.51% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 129.17% and total cumulative return in cash reaches $92,065. For financing, Ziffy Mortgage’s DSCR program evaluates $1,703/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1991
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48059, Fort Gratiot, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,478 (100%) |
| Owner Occupied HU | 5,333 (71.3%) |
| Renter Occupied HU | 1,405 (18.8%) |
| Vacant Housing Units | 740 ( 9.9%) |
| Median Home Value | $262,937 |
| Average Home Value | $323,563 |
Housing Distribution
Address Breakdown
Residential
7,003
Single Family
6,469
Multi-Family
534
Businesses
433
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Listed by: James Sheldon • Coldwell Banker Professionals Port Huron
Mls Name: MiRealSource
Mls ID: #50196865