624 N Main StEvartMI49631
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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 Evart at 624 N Main St, Evart, MI, 49631 generates $2,437/mo in rent and, after a $1,077/mo payment, leaves $927/mo in cash flow. Total monthly income is $2,437/mo, and annual cash flow is $11,119/yr on $72,930 invested. Return on cash invested sits at 35.16% in year one, and rental yield is 13.29% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 185.52% and total cumulative return in cash sums $135,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
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