217 W Saint Joseph St, Watervliet, MI, 49098 | $623/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Watervliet at 217 W Saint Joseph St, Watervliet, MI, 49098 uses $49,891 cash to close to unlock $7,477/yr annual cash flow and $623/mo monthly cash flow. Total monthly income runs $1,639/mo, and a $737/mo payment keeps the spread at $623/mo. Purchase price stands at $150,500, and rental yield measures 13.07% with $1,639/mo rent. Return on cash invested shows 34.9% in year one, and 5% annual appreciation builds toward $41,580 over five years. Five-year ROI reaches 184.04% and total cumulative return in cash records $91,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,639/mo property income covering a $737/mo payment rather than investor’s personal income.

Single Family

Built in 1933

8,712 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49098, Watervliet, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,880 (100%)
Owner Occupied HU	1,776 (61.7%)
Renter Occupied HU	544 (18.9%)
Vacant Housing Units	560 (19.4%)
Median Home Value	$207,993
Average Home Value	$291,250