21687 Shiawassee DrCassopolisMI49031
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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 21687 Shiawassee Dr, Cassopolis, MI, 49031 uses $140,854 cash to close to unlock $1,532/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $2,930/mo, and a $2,080/mo payment keeps the spread at $128/mo. Purchase price stands at $424,900, and rental yield measures 8.27% with $2,930/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 109.22% and total cumulative return in cash records $153,837. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,930/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.45 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: Amanda Hassle • @properties Christie's Intl RE
Mls Name: MichRIC
Mls ID: #25033698