24220 Redfield St, Edwardsburg, MI, 49112 | $1,666/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Edwardsburg at 24220 Redfield St, Edwardsburg, MI, 49112 uses $79,229 cash to close to unlock $19,988/yr annual cash flow and $1,666/mo monthly cash flow. Total monthly income runs $3,242/mo, and a $1,170/mo payment keeps the spread at $1,666/mo. Purchase price stands at $239,000, and rental yield measures 16.28% with $3,242/mo rent. Return on cash invested shows 45.14% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 238.66% and total cumulative return in cash records $189,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,242/mo property income covering a $1,170/mo payment rather than investor’s personal income.

Single Family

Built in 1960

0.50 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49112, Edwardsburg, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,778 (100%)
Owner Occupied HU	3,632 (76.0%)
Renter Occupied HU	740 (15.5%)
Vacant Housing Units	406 ( 8.5%)
Median Home Value	$262,234
Average Home Value	$312,079