2616 Niles 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
Rental property for sale in Saint Joseph at 2616 Niles Ave, Saint Joseph, MI, 49085 priced at $398,500 converts $2,023/mo rent into after a $1,950/mo obligation. Total monthly income equals $2,023/mo. Return on cash invested prints 14.42% in year one, and rental yield reads 6.09% against a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation compiles into $110,098 by year five. Five-year ROI reaches 73.93% and total cumulative return in cash sums $97,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,023/mo property income covering a $1,950/mo payment, not borrower’s personal income.
Single Family
Built in 1953
6,534 sqft 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: Gretta V and Jamie Lee Group • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036367
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.