23803 Evan StCassopolisMI49031
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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
Investment Highlights
Rental property for sale in Cassopolis at 23803 Evan St, Cassopolis, MI, 49031 generates $1,320/mo in rent, after a $2,672/mo payment. Total monthly income is $1,320/mo. Return on cash invested sits at 4.83% in year one, and rental yield is 2.9% on a $546,000 entry. Equity gained on principal adds $3,523/yr, while 5% annual appreciation builds toward $150,850 over five years. Five-year ROI reaches 22.47% and total cumulative return in cash sums $40,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
1 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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Listed by: The Wartick Ashley Real Estate Group • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls ID: #25046444