80220 Linden Hills StCovertMI49043
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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
Investment property for sale in Covert at 80220 Linden Hills St, Covert, MI, 49043 offers a 8.4% rental yield on a $715,000 purchase with $5,005/mo rent. Total monthly income registers $5,005/mo, and a $3,500/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $824/yr on $235,235 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 106.44% and total cumulative return in cash at $250,377. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,005/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.86 Acres lot
$N/A/sqft
$2,650 annually 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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