8315 Truman RdEvartMI49631
Nearby investment properties with comparable rents
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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 Evart at 8315 Truman Rd, Evart, MI, 49631 priced at $164,900 converts $1,321/mo rent into $234/mo cash flow after a $807/mo obligation. Total monthly income equals $1,321/mo, and annual cash flow totals $2,804/yr on $54,664 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.61% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 130.91% and total cumulative return in cash sums $71,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,321/mo property income covering a $807/mo payment, not borrower’s personal income.
Manufactured
Built in 1983
4.50 Acres 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
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