Evergreen Ct #2VDD0New BostonMI48164
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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
Rental property for sale in New Boston at Evergreen Ct #2VDD0, New Boston, MI, 48164 priced at $362,200 pairs $2,893/mo rent with $504/mo cash flow after a $1,773/mo payment. Total monthly income equals $2,893/mo, and annual cash flow comes to $6,051/yr on $120,069 invested. Return on cash invested is 24.95% in year one, and rental yield stands at 9.58% on a $362,200 basis. Equity gained on principal adds $2,337/yr, and 5% annual appreciation accumulates to $100,069 by year five. Five-year ROI measures 130.43% and total cumulative return in cash reaches $156,604. For financing, Ziffy Mortgage’s DSCR program evaluates $2,893/mo property income against a $1,773/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: N/A • N/A
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Mls ID: #N/A