211 E Exchange StGoblesMI49055
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
Investment Highlights
Rental property for sale in Gobles at 211 E Exchange St, Gobles, MI, 49055 priced at $179,000 pairs $2,573/mo rent with $1,393/mo cash flow after a $876/mo payment. Total monthly income equals $2,573/mo, and annual cash flow comes to $16,712/yr on $59,339 invested. Return on cash invested is 48.07% in year one, and rental yield stands at 17.25% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 254.43% and total cumulative return in cash reaches $150,975. For financing, Ziffy Mortgage’s DSCR program evaluates $2,573/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.28 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
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