175 W Water StConstantineMI49042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 175 W Water St, Constantine, MI, 49042 in Constantine delivers $1,403/mo in gross rent and $315/mo in net monthly income at a $165,000 entry. The 10.2% yield and 1.89 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $45,586 over five years and $1,520/yr in equity from loan paydown, total projected return is $83,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 7.2% |
| Monthly Cash Flow | $315 | $320 |
City averages based on Constantine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,403 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices