940 Covington CtMarysvilleMI48040
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
Investment property for sale in Marysville at 940 Covington Ct, Marysville, MI, 48040 earns from $1,997/mo rent with a $1,752/mo payment. Total monthly income totals $1,997/mo. ROI tracks 16.23% on current figures, and rental yield reads 6.69% at a $358,000 purchase. Equity gained on principal adds $2,310/yr, and 5% annual appreciation supports $98,909 over five years. Five-year ROI reaches 83.68% and total cumulative return in cash sums $99,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,997/mo property income instead of your personal income.
Single Family
Built in 1996
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48040, Marysville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,559 (100%) |
| Owner Occupied HU | 3,679 (80.7%) |
| Renter Occupied HU | 657 (14.4%) |
| Vacant Housing Units | 223 ( 4.9%) |
| Median Home Value | $203,919 |
| Average Home Value | $236,038 |
Housing Distribution
Address Breakdown
Residential
4,482
Single Family
4,205
Multi-Family
277
Businesses
352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ed Quain • O'Connor Realty, Inc
Mls Name: Realcomp II
Mls ID: #20251032059