602 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 602 Maple St, East Jordan, MI, 49727 listed at $179,900 pairs $1,435/mo rent with a $881/mo payment to leave $248/mo cash flow. Total monthly income runs $1,435/mo, and annual cash flow reaches $2,978/yr on $59,637 cash to close. Return on cash invested measures 24.9% in year one, and rental yield registers 9.57% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 130.22% and total cumulative return in cash totals $77,661. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,435/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
N/A 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: Christopher Christensen • Lynda's Real Estate Service
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475422
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.