8455 Enid DrEvartMI49631
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 Evart at 8455 Enid Dr, Evart, MI, 49631 priced at $225,000 converts $1,969/mo rent into $477/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,969/mo, and annual cash flow totals $5,719/yr on $74,588 invested. Return on cash invested prints 27.58% in year one, and rental yield reads 10.5% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 144.55% and total cumulative return in cash sums $107,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,969/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.36 Acres lot
$N/A/sqft
$107 annually 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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Nearby investment properties with comparable prices
Listed by: LYNN BLOOMFIELD • POINTS NORTH REALTY LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50161940
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