180 Race StConstantineMI49042
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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
Rental property for sale in Constantine at 180 Race St, Constantine, MI, 49042 generates $1,294/mo in rent and, after a $876/mo payment, leaves $114/mo in cash flow. Total monthly income is $1,294/mo, and annual cash flow is $1,364/yr on $59,339 invested. Return on cash invested sits at 22.21% in year one, and rental yield is 8.67% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 115.72% and total cumulative return in cash sums $68,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,294/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.50 Acres 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: Cedric W Wicks • RE/MAX Executive
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016297
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.