196 E Michigan AveThree RiversMI49093
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow196 E Michigan Ave, Three Rivers, MI, 49093 in Three Rivers earns its strong cash-flow label: 17.83% yield, $4,354/mo rent, $2,421/mo net income, DSCR 3.30. The $293,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $80,951 by year five. Combined with $2,699/yr in principal paydown, total projected return reaches $267,418.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.8% | 8.5% |
| Monthly Cash Flow | $2,421 | $1,200 |
City averages based on Three Rivers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,354 |
| Total Monthly Debt Service | $1,816 |
| DSCR Ratio | 2.40x |
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 1902
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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 1902
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Dennis Bamber Group • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24030524
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.