23786 Pokagon HwyCassopolisMI49031
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 Cassopolis at 23786 Pokagon Hwy, Cassopolis, MI, 49031 generates $1,481/mo in rent and, after a $920/mo payment, leaves $242/mo in cash flow. Total monthly income is $1,481/mo, and annual cash flow is $2,899/yr on $62,289 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.46% on a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash sums $79,945. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,481/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
4.85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Milliman • Tyler Milliman Red Wood Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25029769
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.