516 Maple StEast JordanMI49727
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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 516 Maple St, East Jordan, MI, 49727 offers a 11.72% rental yield on a $174,900 purchase with $1,708/mo rent. Total monthly income registers $1,708/mo, and a $856/mo payment leaves $555/mo available for distribution. Annual cash flow reaches $6,656/yr on $57,979 to close, and return on cash invested stands at 31.39% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 164.98% and total cumulative return in cash at $95,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
2.20 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: Mike Tomczak • Mike Tomczak Realty
Mls Name: Northern Michigan MLS
Mls ID: #477862