2399 S Cleveland AveSaint JosephMI49085
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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
Investment property for sale in Saint Joseph at 2399 S Cleveland Ave, Saint Joseph, MI, 49085 listed at $477,000 pairs $2,158/mo rent with a $2,335/mo payment. Total monthly income runs $2,158/mo. Return on cash invested measures 12.41% in year one, and rental yield registers 5.43% at a $477,000 basis. Equity gained on principal adds $3,078/yr, and annual property appreciation at 5% supports $131,786 by year five. Five-year ROI tracks 63.2% and total cumulative return in cash totals $99,935. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,158/mo property income relative to a $2,335/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,734 (100%) |
| Owner Occupied HU | 8,123 (69.2%) |
| Renter Occupied HU | 2,388 (20.4%) |
| Vacant Housing Units | 1,223 (10.4%) |
| Median Home Value | $316,036 |
| Average Home Value | $368,464 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
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Listed by: Jennifer Stoops • RE/MAX Modern Realty, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24057653
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.