1888 BoardwalkSaint JosephMI49085
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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 Saint Joseph at 1888 Boardwalk, Saint Joseph, MI, 49085 priced at $725,000 converts $4,089/mo rent into after a $3,549/mo obligation. Total monthly income equals $4,089/mo. Return on cash invested prints 16.07% in year one, and rental yield reads 6.77% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 82.96% and total cumulative return in cash sums $197,885. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,089/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.49 Acres lot
$N/A/sqft
$300 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,734 (100%) |
| Owner Occupied HU | 8,123 (69.2%) |
| Renter Occupied HU | 2,388 (20.4%) |
| Vacant Housing Units | 1,223 (10.4%) |
| Median Home Value | $316,036 |
| Average Home Value | $368,464 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
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Listed by: Anne Gain • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25038670
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.