508 State StEast JordanMI49727
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 East Jordan at 508 State St, East Jordan, MI, 49727 with 5% annual appreciation on a $105,000 basis while $801/mo rent supports operations. Total monthly income totals $801/mo and a $514/mo payment preserves $109/mo for cash returns. Annual cash flow comes to $1,302/yr on $34,808 deployed, and return on cash invested reaches 23.65% in year one. Equity gained on principal adds $678/yr, and five-year appreciation sums $29,010 alongside rental yield of 9.15%. Five-year ROI measures 123.5% and total cumulative return in cash totals $42,986.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $801/mo property income versus a $514/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
75 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: Donna S Stubenvoll • Real Estate One of Gaylord
Mls Name: WWMLS
Mls Provider:
Mls ID: #201836264
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