8600 Seven Mile RdEvartMI49631
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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 Evart at 8600 Seven Mile Rd, Evart, MI, 49631 uses $69,582 cash to close to unlock $7,082/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $1,974/mo, and a $1,027/mo payment keeps the spread at $590/mo. Purchase price stands at $209,900, and rental yield measures 11.29% with $1,974/mo rent. Return on cash invested shows 30.09% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 158.02% and total cumulative return in cash records $109,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,974/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.62 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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