38 Evans TrlTiptonMI49287
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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 Tipton at 38 Evans Trl, Tipton, MI, 49287 priced at $620,000 pairs $1,957/mo rent with after a $3,035/mo payment. Total monthly income equals $1,957/mo. Return on cash invested is 7.52% in year one, and rental yield stands at 3.79% on a $620,000 basis. Equity gained on principal adds $4,001/yr, and 5% annual appreciation accumulates to $171,295 by year five. Five-year ROI measures 36.89% and total cumulative return in cash reaches $75,243. For financing, Ziffy Mortgage’s DSCR program evaluates $1,957/mo property income against a $3,035/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49287, Tipton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 791 (77.5%) |
| Renter Occupied HU | 55 ( 5.4%) |
| Vacant Housing Units | 174 (17.1%) |
| Median Home Value | $324,185 |
| Average Home Value | $403,647 |
Housing Distribution
Address Breakdown
Residential
856
Single Family
856
Multi-Family
0
Businesses
33
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