235 W 1st StVermontvilleMI49096
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 235 W 1st St, Vermontville, MI, 49096 in Vermontville is straightforward: $228,500 in, $1,797/mo in rent, $290/mo out after debt service. The 9.44% gross yield and 1.75 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $63,130 by year five. With $2,105/yr in principal equity, the total cumulative return is projected at $105,765.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $290 | $150 |
City averages based on Vermontville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,797 |
| Total Monthly Debt Service | $1,416 |
| DSCR Ratio | 1.27x |
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 1905
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
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 1905
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Greater Lansing AOR
Mls ID: #297515