185 Race StConstantineMI49042
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 185 Race St, Constantine, MI, 49042 in Constantine speaks for itself: 13.44% gross on a $211,500 price, generating $2,369/mo in rent and $974/mo in net income after the $951/mo debt service. DSCR 2.49, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,689 stacks alongside $58,434 in projected five-year appreciation and $1,948/yr in principal reduction. Projected total cumulative return: $143,299.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 7.2% |
| Monthly Cash Flow | $974 | $320 |
City averages based on Constantine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,369 |
| Total Monthly Debt Service | $1,311 |
| DSCR Ratio | 1.81x |
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 1900
0.31 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
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 1900
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy L Barnitz • Chuck Jaqua, REALTOR
Mls Name: MichRIC
Mls Provider:
Mls ID: #25028131
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.