128 E Saint Joe StLitchfieldMI49252
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 128 E Saint Joe St, Litchfield, MI, 49252 in Litchfield at $169,900 earns $1,284/mo in rent and nets $164/mo after the $805/mo payment, a 9.07% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $46,940 over five years. Ziffy Mortgage underwrites this on a 1.60 DSCR without U.S. credit history. With $1,424/yr in principal paydown, total projected return reaches $72,121.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.5% |
| Monthly Cash Flow | $164 | $500 |
City averages based on Litchfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,284 |
| Total Monthly Debt Service | $1,094 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls Provider:
Mls ID: #26052128
