238 N 1st StCassopolisMI49031
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
Investment property for sale in Cassopolis at 238 N 1st St, Cassopolis, MI, 49031 earns $626/mo cash flow from $1,872/mo rent with a $925/mo payment. Total monthly income totals $1,872/mo, and annual cash flow totals $7,510/yr on $62,620 capital. ROI tracks 31.9% on current figures, and rental yield reads 11.89% at a $188,900 purchase. Equity gained on principal adds $1,219/yr, and 5% annual appreciation supports $52,190 over five years. Five-year ROI reaches 167.7% and total cumulative return in cash sums $105,015. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,872/mo property income instead of your personal income.
Single Family
Built in 1950
0.40 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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Nearby investment properties with comparable prices
Listed by: Jeffrey A Brown • Weichert Realtors-Gold Star
Mls Name: MichRIC
Mls Provider:
Mls ID: #24057741
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.