70552 26th 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
Total monthly income runs $1,360/mo, and a $1,440/mo payment. Purchase price stands at $294,200, and rental yield measures 5.55% with $1,360/mo rent. Return on cash invested shows 12.77% in year one, and 5% annual appreciation builds toward $81,282 over five years. Five-year ROI reaches 65.1% and total cumulative return in cash records $63,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,360/mo property income covering a $1,440/mo payment rather than investor’s personal income.
Single Family
Built in N/A
96.40 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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