1635 Cass StNilesMI49120
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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
Investment Highlights
Investment property for sale in Niles at 1635 Cass St, Niles, MI, 49120 listed at $197,500 pairs $1,384/mo rent with a $967/mo payment to leave $81/mo cash flow. Total monthly income runs $1,384/mo, and annual cash flow reaches $975/yr on $65,471 cash to close. Return on cash invested measures 21.4% in year one, and rental yield registers 8.41% at a $197,500 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,566 by year five. Five-year ROI tracks 111.41% and total cumulative return in cash totals $72,939. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,384/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
6,534 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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