2640 Terminal St, Niles, MI, 49120 | 5.98% Rental Yield

For Sale

Ziffy Mortgage

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 Niles at 2640 Terminal St, Niles, MI, 49120 offers a 5.98% rental yield on a $335,000 purchase with $1,669/mo rent. 07% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 72.06% and total cumulative return in cash at $80,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,669/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

9 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49120, Niles, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,517 (100%)
Owner Occupied HU	11,816 (71.5%)
Renter Occupied HU	3,504 (21.2%)
Vacant Housing Units	1,197 ( 7.2%)
Median Home Value	$196,962
Average Home Value	$257,729