23400 S Shore DrEdwardsburgMI49112
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play23400 S Shore Dr, Edwardsburg, MI, 49112 in Edwardsburg is priced for appreciation, not yield. Rental yield 2.23%. At $1,199,000 with a 2.23% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $331,262 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.41) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $91,608.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 6.2% |
| Monthly Cash Flow | $(5,675) | $400 |
City averages based on Edwardsburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,232 |
| Total Monthly Debt Service | $7,430 |
| DSCR Ratio | 0.30x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49112, Edwardsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,778 (100%) |
| Owner Occupied HU | 3,632 (76.0%) |
| Renter Occupied HU | 740 (15.5%) |
| Vacant Housing Units | 406 ( 8.5%) |
| Median Home Value | $262,234 |
| Average Home Value | $312,079 |
Housing Distribution
Address Breakdown
Residential
4,449
Single Family
4,409
Multi-Family
40
Businesses
239
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 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49112, Edwardsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,778 (100%) |
| Owner Occupied HU | 3,632 (76.0%) |
| Renter Occupied HU | 740 (15.5%) |
| Vacant Housing Units | 406 ( 8.5%) |
| Median Home Value | $262,234 |
| Average Home Value | $312,079 |
Housing Distribution
Address Breakdown
Residential
4,449
Single Family
4,409
Multi-Family
40
Businesses
239
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toni M Bontrager • Berkshire Hathaway HomeServices Michigan Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25011258
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.