42 S Main StElktonMI48731
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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 Elkton at 42 S Main St, Elkton, MI, 48731 earns $491/mo cash flow from $1,645/mo rent with a $857/mo payment. Total monthly income totals $1,645/mo, and annual cash flow totals $5,886/yr on $58,013 capital. ROI tracks 30.06% on current figures, and rental yield reads 11.28% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 157.84% and total cumulative return in cash sums $91,567. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,645/mo property income instead of your personal income.
Single Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48731, Elkton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 521 (68.4%) |
| Renter Occupied HU | 164 (21.5%) |
| Vacant Housing Units | 77 (10.1%) |
| Median Home Value | $122,396 |
| Average Home Value | $184,429 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
362
Multi-Family
24
Businesses
55
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