202 Vine StGoblesMI49055
INVESTMENT ANALYSIS
Investment Verdict
Solid Income202 Vine St, Gobles, MI, 49055 in Gobles is a solid income-producing rental, 9.54% gross yield, $1,431/mo rent, $244/mo net cash flow on a $180,000 buy. DSCR 1.77 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $49,731 and $1,658/yr in principal reduction project a total cumulative return of $84,295.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 8.0% |
| Monthly Cash Flow | $244 | $1,200 |
City averages based on Gobles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,431 |
| Total Monthly Debt Service | $1,115 |
| DSCR Ratio | 1.28x |
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices