16 S 7th StNilesMI49120
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
Investment Highlights
Investment property for sale in Niles at 16 S 7th St, Niles, MI, 49120 at $140,000 posts ROI 32.86% with $501/mo cash flow from $1,454/mo rent. Total monthly income equals $1,454/mo, and annual cash flow records $6,011/yr on $46,410 to close. Return on cash invested measures 32.86% and rental yield reads 12.46% at the current $140,000. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 by year five. Five-year ROI prints 173.11% and total cumulative return in cash totals $80,338.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,454/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1930
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49120, Niles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,517 (100%) |
| Owner Occupied HU | 11,816 (71.5%) |
| Renter Occupied HU | 3,504 (21.2%) |
| Vacant Housing Units | 1,197 ( 7.2%) |
| Median Home Value | $196,962 |
| Average Home Value | $257,729 |
Housing Distribution
Address Breakdown
Residential
15,849
Single Family
14,815
Multi-Family
1,034
Businesses
1,035
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