1400 4th StThree RiversMI49093
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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
Rental property for sale in Three Rivers at 1400 4th St, Three Rivers, MI, 49093 generates $2,303/mo in rent and, after a $842/mo payment, leaves $1,169/mo in cash flow. Total monthly income is $2,303/mo, and annual cash flow is $14,023/yr on $57,018 invested. Return on cash invested sits at 44.5% in year one, and rental yield is 16.07% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 235.3% and total cumulative return in cash sums $134,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,303/mo property income rather than buyer’s personal income.
Single Family
Built in 1899
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Steve D Snyder • RE/MAX of Kalamazoo
Mls Name: MichRIC
Mls Provider:
Mls ID: #25001319
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.