3877 Commodore DrEast JordanMI49727
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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 East Jordan at 3877 Commodore Dr, East Jordan, MI, 49727 generates $4,129/mo in rent, after a $3,230/mo payment. Total monthly income is $4,129/mo. Return on cash invested sits at 18.83% in year one, and rental yield is 7.51% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 97.54% and total cumulative return in cash sums $211,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,129/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
16.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: Jp Gerster • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #476419