744 Division StEast JordanMI49727
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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
Rental property for sale in East Jordan at 744 Division St, East Jordan, MI, 49727 offers $2,008/mo rent that, after a $1,121/mo payment, leaves $498/mo cash flow. Total monthly income is $2,008/mo, and annual cash flow is $5,972/yr on $75,914 cash. Return on cash invested measures 27.78% in year one, and rental yield stands at 10.52% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 145.56% and total cumulative return in cash reaches $110,501. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,008/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: Gary Strange • Charlevoix Properties
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475089
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.