1603 N 5th 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 1603 N 5th St, Niles, MI, 49120 offers a 11.1% rental yield on a $174,500 purchase with $1,614/mo rent. Total monthly income registers $1,614/mo, and a $854/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,560/yr on $57,847 to close, and return on cash invested stands at 29.52% in year one. Equity gained on principal adds $1,126/yr while 5% annual appreciation supports $48,211 over five years. Portfolio math shows five-year ROI at 154.95% and total cumulative return in cash at $89,634. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,614/mo property income against a $854/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.42 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices