13122 Riverside DrConstantineMI49042
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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 Constantine at 13122 Riverside Dr, Constantine, MI, 49042 uses $46,410 cash to close to unlock $2,604/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,140/mo, and a $685/mo payment keeps the spread at $217/mo. Purchase price stands at $140,000, and rental yield measures 9.77% with $1,140/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 133.44% and total cumulative return in cash records $61,930. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49042, Constantine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,521 (75.8%) |
| Renter Occupied HU | 321 (16.0%) |
| Vacant Housing Units | 165 ( 8.2%) |
| Median Home Value | $169,756 |
| Average Home Value | $200,357 |
Housing Distribution
Address Breakdown
Residential
1,916
Single Family
1,829
Multi-Family
87
Businesses
106
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Listed by: Dustin Kline • RE/MAX Elite Group T.R.
Mls Name: MichRIC
Mls ID: #25061000