801 N Hemlock StEvartMI49631
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 801 N Hemlock St, Evart, MI, 49631 in Evart deserves attention. This $138,000 property earns $1,508/mo in rent, a 13.12% gross yield, and nets $598/mo after the $621/mo payment. DSCR 2.43 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $38,127 compounds alongside $1,271/yr in yearly equity build, for a total cumulative return of $91,048.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 7.0% |
| Monthly Cash Flow | $598 | $250 |
City averages based on Evart market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,508 |
| Total Monthly Debt Service | $855 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
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
Single Family
Built in 1970
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49631, Evart, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,601 (100%) |
| Owner Occupied HU | 1,851 (51.4%) |
| Renter Occupied HU | 511 (14.2%) |
| Vacant Housing Units | 1,239 (34.4%) |
| Median Home Value | $149,709 |
| Average Home Value | $191,202 |
Housing Distribution
Address Breakdown
Residential
2,486
Single Family
2,409
Multi-Family
77
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices