273 Waters Edge DrSaint 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 273 Waters Edge Dr, Saint Joseph, MI, 49085 generates $2,687/mo in rent, after a $4,282/mo payment. Total monthly income is $2,687/mo. Return on cash invested sits at 6.04% in year one, and rental yield is 3.69% on a $874,900 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,719 over five years. Five-year ROI reaches 29.4% and total cumulative return in cash sums $84,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,687/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
4,356 sqft lot
$N/A/sqft
$280 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 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
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Listed by: Anne Gain • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031857
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.