Evergreen Ct #S2PQHTNew 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 #S2PQHT, New Boston, MI, 48164 with 5% annual appreciation on a $375,900 basis while $3,059/mo rent supports operations. Total monthly income totals $3,059/mo and a $1,840/mo payment preserves $580/mo for cash returns. Annual cash flow comes to $6,960/yr on $124,611 deployed, and return on cash invested reaches 25.49% in year one. Equity gained on principal adds $2,426/yr, and five-year appreciation sums $103,854 alongside rental yield of 9.77%. Five-year ROI measures 133.32% and total cumulative return in cash totals $166,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,059/mo property income versus a $1,840/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
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Mls ID: #N/A