1618 Prairie DrSaint JosephMI49085
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
Rental property for sale in Saint Joseph at 1618 Prairie Dr, Saint Joseph, MI, 49085 offers $2,684/mo rent that, after a $2,540/mo payment. Total monthly income is $2,684/mo. Return on cash invested measures 14.64% in year one, and rental yield stands at 6.21% at a $519,000 entry. Equity gained on principal adds $3,349/yr while 5% annual appreciation compounds into $143,390 by year five. Five-year ROI records 75.17% and total cumulative return in cash reaches $128,361. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,684/mo property income versus a $2,540/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.46 Acres lot
$N/A/sqft
$400 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 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Montoya • Jaqua Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016314
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.