112 Howard StGoblesMI49055
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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 Gobles at 112 Howard St, Gobles, MI, 49055 uses $41,106 cash to close to unlock $8,047/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $607/mo payment keeps the spread at $671/mo. Purchase price stands at $124,000, and rental yield measures 14.75% with $1,524/mo rent. Return on cash invested shows 39.48% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 208.79% and total cumulative return in cash records $85,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $607/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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