2534 Essex Ct, Saint Joseph, MI, 49085 | $714/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 Saint Joseph at 2534 Essex Ct, Saint Joseph, MI, 49085 with 5% annual appreciation on a $255,000 basis while $2,735/mo rent supports operations. Total monthly income totals $2,735/mo and a $1,248/mo payment preserves $714/mo for cash returns. Annual cash flow comes to $8,562/yr on $84,533 deployed, and return on cash invested reaches 30.04% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 12.87%. Five-year ROI measures 159.46% and total cumulative return in cash totals $134,792.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,735/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1977

N/A lot

$N/A/sqft

$340 monthly 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