405 5th 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
Investment property for sale in Evart at 405 5th St, Evart, MI, 49631 earns $150/mo cash flow from $994/mo rent with a $627/mo payment. Total monthly income totals $994/mo, and annual cash flow totals $1,805/yr on $42,432 capital. ROI tracks 24.16% on current figures, and rental yield reads 9.32% at a $128,000 purchase. Equity gained on principal adds $826/yr, and 5% annual appreciation supports $35,364 over five years. Five-year ROI reaches 126.27% and total cumulative return in cash sums $53,579. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $994/mo property income instead of your personal income.
Single Family
Built in 1970
8,712 sqft 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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