1912 E Centre AvePortageMI49002
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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
Investment property for sale in Portage at 1912 E Centre Ave, Portage, MI, 49002 uses $87,848 cash to close to unlock $498/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $1,789/mo, and a $1,297/mo payment keeps the spread at $42/mo. Purchase price stands at $265,000, and rental yield measures 8.1% with $1,789/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $93,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,789/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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