743 N Jones RdEssexvilleMI48732
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 Essexville at 743 N Jones Rd, Essexville, MI, 48732 at $224,900 posts ROI 29.29% with $583/mo cash flow from $2,066/mo rent. Total monthly income equals $2,066/mo, and annual cash flow records $6,992/yr on $74,554 to close. Return on cash invested measures 29.29% and rental yield reads 11.02% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 153.68% and total cumulative return in cash totals $114,577.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,066/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.87 Acres 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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Nearby investment properties with comparable prices
Listed by: Jean Ann Styn-DeShano • RE/MAX Results
Mls Name: MiRealSource
Mls ID: #50187648