6345 E Jordan RdEllsworthMI49729
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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 Ellsworth at 6345 E Jordan Rd, Ellsworth, MI, 49729 offers $3,266/mo rent that, after a $2,668/mo payment. Total monthly income is $3,266/mo. Return on cash invested measures 17.86% in year one, and rental yield stands at 7.19% at a $545,000 entry. Equity gained on principal adds $3,517/yr while 5% annual appreciation compounds into $150,573 by year five. Five-year ROI records 92.38% and total cumulative return in cash reaches $165,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,266/mo property income versus a $2,668/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
4.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49729, Ellsworth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 562 (57.8%) |
| Renter Occupied HU | 84 ( 8.6%) |
| Vacant Housing Units | 327 (33.6%) |
| Median Home Value | $262,791 |
| Average Home Value | $336,001 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
587
Multi-Family
0
Businesses
46
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Nearby investment properties with comparable prices
Listed by: Rob Bailey • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924337
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.