Evergreen Ct #CQXWLSNew 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 #CQXWLS, New Boston, MI, 48164 with 5% annual appreciation on a $350,400 basis while $2,815/mo rent supports operations. Total monthly income totals $2,815/mo and a $1,715/mo payment preserves $504/mo for cash returns. Annual cash flow comes to $6,052/yr on $116,158 deployed, and return on cash invested reaches 25.12% in year one. Equity gained on principal adds $2,261/yr, and five-year appreciation sums $96,809 alongside rental yield of 9.64%. Five-year ROI measures 131.33% and total cumulative return in cash totals $152,551.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,815/mo property income versus a $1,715/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
Mls Name: undefined
Mls ID: #N/A