Evergreen Ct #P8AAC7New 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 #P8AAC7, New Boston, MI, 48164 listed at $365,400 pairs $2,911/mo rent with a $1,788/mo payment to leave $502/mo cash flow. Total monthly income runs $2,911/mo, and annual cash flow reaches $6,022/yr on $121,130 cash to close. Return on cash invested measures 24.88% in year one, and rental yield registers 9.56% at a $365,400 basis. Equity gained on principal adds $2,358/yr, and annual property appreciation at 5% supports $100,953 by year five. Five-year ROI tracks 130.02% and total cumulative return in cash totals $157,489. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,911/mo property income relative to a $1,788/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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