Evergreen Ct #9ID5DGNew 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
Investment property for sale in New Boston at Evergreen Ct #9ID5DG, New Boston, MI, 48164 offers a 9.96% rental yield on a $415,700 purchase with $3,452/mo rent. Total monthly income registers $3,452/mo, and a $2,035/mo payment leaves $710/mo available for distribution. Annual cash flow reaches $8,524/yr on $137,805 to close, and return on cash invested stands at 26.09% in year one. Equity gained on principal adds $2,682/yr while 5% annual appreciation supports $114,850 over five years. Portfolio math shows five-year ROI at 136.56% and total cumulative return in cash at $188,185. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,452/mo property income against a $2,035/mo payment rather than investor’s personal income documents like W2s, Salary slips, and 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A