4760 Covert RdOnondagaMI49264
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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 Onondaga at 4760 Covert Rd, Onondaga, MI, 49264 generates $1,691/mo in rent, after a $1,321/mo payment. Total monthly income is $1,691/mo. Return on cash invested sits at 18.72% in year one, and rental yield is 7.52% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 97.02% and total cumulative return in cash sums $86,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
6.65 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Bruce Carpenter • HOMEDATION Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286462
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS