618 N Jones RdEssexvilleMI48732
INVESTMENT ANALYSIS
Investment Verdict
Solid Income618 N Jones Rd, Essexville, MI, 48732 in Essexville is a solid income-producing rental, 8.99% gross yield, $1,722/mo rent, $206/mo net cash flow on a $229,900 buy. DSCR 1.67 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $63,517 and $2,117/yr in principal reduction project a total cumulative return of $100,861.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 8.0% |
| Monthly Cash Flow | $206 | $300 |
City averages based on Essexville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,722 |
| Total Monthly Debt Service | $1,425 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48732, Essexville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,559 (67.9%) |
| Renter Occupied HU | 1,347 (25.7%) |
| Vacant Housing Units | 334 ( 6.4%) |
| Median Home Value | $172,752 |
| Average Home Value | $202,151 |
Housing Distribution
Address Breakdown
Residential
5,084
Single Family
3,837
Multi-Family
1,247
Businesses
214
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
Single Family
Built in 1986
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48732, Essexville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,559 (67.9%) |
| Renter Occupied HU | 1,347 (25.7%) |
| Vacant Housing Units | 334 ( 6.4%) |
| Median Home Value | $172,752 |
| Average Home Value | $202,151 |
Housing Distribution
Address Breakdown
Residential
5,084
Single Family
3,837
Multi-Family
1,247
Businesses
214
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MiRealSource
Mls ID: #50202509