20185 McKenzie StCassopolisMI49031
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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 Cassopolis at 20185 McKenzie St, Cassopolis, MI, 49031 earns $3,727/mo cash flow from $6,859/mo rent with a $2,325/mo payment. Total monthly income totals $6,859/mo, and annual cash flow totals $44,718/yr on $157,463 capital. ROI tracks 48.31% on current figures, and rental yield reads 17.33% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 255.68% and total cumulative return in cash sums $402,595. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,859/mo property income instead of your personal income.
Single Family
Built in 2017
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Lissa Carter • Carmac Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24040271
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.