837 S Powell 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
Rental property for sale in Essexville at 837 S Powell Rd, Essexville, MI, 48732 priced at $189,000 pairs $1,841/mo rent with $595/mo cash flow after a $925/mo payment. Total monthly income equals $1,841/mo, and annual cash flow comes to $7,136/yr on $62,654 invested. Return on cash invested is 31.3% in year one, and rental yield stands at 11.69% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 164.46% and total cumulative return in cash reaches $103,042. For financing, Ziffy Mortgage’s DSCR program evaluates $1,841/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.89 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: Howard R Diefenbach • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls ID: #50183775