2839 S 3rd StNilesMI49120
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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
Investment property for sale in Niles at 2839 S 3rd St, Niles, MI, 49120 listed at $222,900 pairs $1,605/mo rent with a $1,091/mo payment to leave $51/mo cash flow. Total monthly income runs $1,605/mo, and annual cash flow reaches $607/yr on $73,891 cash to close. Return on cash invested measures 20.73% in year one, and rental yield registers 8.64% at a $222,900 basis. Equity gained on principal adds $1,438/yr, and annual property appreciation at 5% supports $61,583 by year five. Five-year ROI tracks 108.29% and total cumulative return in cash totals $80,014. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,605/mo property income relative to a $1,091/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1942
0.56 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 |
Housing Distribution
Address Breakdown
Residential
15,849
Single Family
14,815
Multi-Family
1,034
Businesses
1,035
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