6916 E Forest Hill DrEllsworthMI49729
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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 Ellsworth at 6916 E Forest Hill Dr, Ellsworth, MI, 49729 offers a 10.97% rental yield on a $226,300 purchase with $2,068/mo rent. Total monthly income registers $2,068/mo, and a $1,108/mo payment leaves $575/mo available for distribution. Annual cash flow reaches $6,903/yr on $75,018 to close, and return on cash invested stands at 29.11% in year one. Equity gained on principal adds $1,460/yr while 5% annual appreciation supports $62,523 over five years. Portfolio math shows five-year ROI at 152.76% and total cumulative return in cash at $114,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,068/mo property income against a $1,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
N/A 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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