605 Lincoln AveElbertaMI49628
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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 Elberta at 605 Lincoln Ave, Elberta, MI, 49628 priced at $299,900 converts $1,758/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,758/mo. Return on cash invested prints 17.26% in year one, and rental yield reads 7.03% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 89.18% and total cumulative return in cash sums $88,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,758/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49628, Elberta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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