70500 32nd AveCovertMI49043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 70500 32nd Ave, Covert, MI, 49043 offers a 12.13% rental yield on a $278,900 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $1,365/mo payment leaves $980/mo available for distribution. Annual cash flow reaches $11,762/yr on $92,455 to close, and return on cash invested stands at 32.63% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,055 over five years. Portfolio math shows five-year ROI at 171.65% and total cumulative return in cash at $158,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $1,365/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
9.93 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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