15335 E B AveAugustaMI49012
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 15335 E B Ave, Augusta, MI, 49012 in Augusta: $1,506/mo in rent, $220/mo in net income, 9.27% gross yield, 1.72 DSCR, all at $195,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $53,875 in appreciation and $1,796/yr in principal paydown projects total cumulative return of $88,465.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $220 | $400 |
City averages based on Augusta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,506 |
| Total Monthly Debt Service | $1,208 |
| DSCR Ratio | 1.25x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1988
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49012, Augusta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,412 (100%) |
| Owner Occupied HU | 1,172 (83.0%) |
| Renter Occupied HU | 159 (11.3%) |
| Vacant Housing Units | 81 ( 5.7%) |
| Median Home Value | $350,376 |
| Average Home Value | $446,826 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,478
Multi-Family
23
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1988
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49012, Augusta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,412 (100%) |
| Owner Occupied HU | 1,172 (83.0%) |
| Renter Occupied HU | 159 (11.3%) |
| Vacant Housing Units | 81 ( 5.7%) |
| Median Home Value | $350,376 |
| Average Home Value | $446,826 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,478
Multi-Family
23
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices