Evergreen Ct #XE17SXNew BostonMI48164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 #XE17SX, New Boston, MI, 48164 priced at $350,500 converts $2,789/mo rent into $477/mo cash flow after a $1,716/mo obligation. Total monthly income equals $2,789/mo, and annual cash flow totals $5,726/yr on $116,191 invested. Return on cash invested prints 24.84% in year one, and rental yield reads 9.55% against a $350,500 entry. Equity gained on principal adds $2,262/yr, while 5% annual appreciation compiles into $96,837 by year five. Five-year ROI reaches 129.83% and total cumulative return in cash sums $150,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,789/mo property income covering a $1,716/mo payment, not borrower’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A