1515 Prairie Dr, Saint Joseph, MI, 49085 | $382/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Joseph at 1515 Prairie Dr, Saint Joseph, MI, 49085 offers $2,988/mo rent that, after a $1,908/mo payment, leaves $382/mo cash flow. Total monthly income is $2,988/mo, and annual cash flow is $4,581/yr on $129,252 cash. Return on cash invested measures 23.45% in year one, and rental yield stands at 9.2% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 122.51% and total cumulative return in cash reaches $158,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,988/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.45 Acres lot

$N/A/sqft

$425 annually HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,734 (100%)
Owner Occupied HU	8,123 (69.2%)
Renter Occupied HU	2,388 (20.4%)
Vacant Housing Units	1,223 (10.4%)
Median Home Value	$316,036
Average Home Value	$368,464