175 W Water StConstantineMI49042
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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 Constantine at 175 W Water St, Constantine, MI, 49042 priced at $165,000 pairs $1,403/mo rent with $315/mo cash flow after a $808/mo payment. Total monthly income equals $1,403/mo, and annual cash flow comes to $3,774/yr on $54,698 invested. Return on cash invested is 26.81% in year one, and rental yield stands at 10.2% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 140.43% and total cumulative return in cash reaches $76,811. For financing, Ziffy Mortgage’s DSCR program evaluates $1,403/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49042, Constantine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,521 (75.8%) |
| Renter Occupied HU | 321 (16.0%) |
| Vacant Housing Units | 165 ( 8.2%) |
| Median Home Value | $169,756 |
| Average Home Value | $200,357 |
Housing Distribution
Address Breakdown
Residential
1,916
Single Family
1,829
Multi-Family
87
Businesses
106
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Listed by: Rachel Hahn Elevate Team • Michigan Top Producers
Mls Name: MichRIC
Mls Provider:
Mls ID: #24053790
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.