69034 42nd AveCovertMI49043
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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
Investment property for sale in Covert at 69034 42nd Ave, Covert, MI, 49043 listed at $291,900 pairs $1,753/mo rent with a $1,429/mo payment. Total monthly income runs $1,753/mo. Return on cash invested measures 17.77% in year one, and rental yield registers 7.21% at a $291,900 basis. Equity gained on principal adds $1,884/yr, and annual property appreciation at 5% supports $80,647 by year five. Five-year ROI tracks 91.93% and total cumulative return in cash totals $88,957. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,753/mo property income relative to a $1,429/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49043, Covert, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,245 (100%) |
| Owner Occupied HU | 561 (45.1%) |
| Renter Occupied HU | 189 (15.2%) |
| Vacant Housing Units | 495 (39.8%) |
| Median Home Value | $216,489 |
| Average Home Value | $242,291 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
978
Multi-Family
29
Businesses
40
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