9942 Miramichi 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
Investment property for sale in Evart at 9942 Miramichi Dr, Evart, MI, 49631 earns $1,092/mo cash flow from $2,581/mo rent with a $1,072/mo payment. Total monthly income totals $2,581/mo, and annual cash flow totals $13,102/yr on $72,599 capital. ROI tracks 37.96% on current figures, and rental yield reads 14.14% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 200.43% and total cumulative return in cash sums $145,509. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,581/mo property income instead of your personal income.
Single Family
Built in 1987
0.80 Acres lot
$N/A/sqft
$538 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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