Evergreen Ct #RDQ7XBNew 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 #RDQ7XB, New Boston, MI, 48164 priced at $414,200 pairs $3,443/mo rent with $712/mo cash flow after a $2,027/mo payment. Total monthly income equals $3,443/mo, and annual cash flow comes to $8,542/yr on $137,307 invested. Return on cash invested is 26.13% in year one, and rental yield stands at 9.97% on a $414,200 basis. Equity gained on principal adds $2,673/yr, and 5% annual appreciation accumulates to $114,436 by year five. Five-year ROI measures 136.73% and total cumulative return in cash reaches $187,738. For financing, Ziffy Mortgage’s DSCR program evaluates $3,443/mo property income against a $2,027/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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A