703 Main StEssexvilleMI48732
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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 Essexville at 703 Main St, Essexville, MI, 48732 with 5% annual appreciation on a $129,000 basis while $1,032/mo rent supports operations. Total monthly income totals $1,032/mo and a $631/mo payment preserves $182/mo for cash returns. Annual cash flow comes to $2,180/yr on $42,764 deployed, and return on cash invested reaches 25.01% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 9.6%. Five-year ROI measures 130.74% and total cumulative return in cash totals $55,909.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,032/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
4,791 sqft 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
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Listed by: Jeanne Behmlander • EXP Realty
Mls Name: MiRealSource
Mls ID: #50197309