285 Mill StConstantineMI49042
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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 Constantine at 285 Mill St, Constantine, MI, 49042 earns $75/mo cash flow from $2,284/mo rent with a $1,640/mo payment. Total monthly income totals $2,284/mo, and annual cash flow totals $894/yr on $111,053 capital. ROI tracks 20.71% on current figures, and rental yield reads 8.18% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 107.71% and total cumulative return in cash sums $119,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,284/mo property income instead of your personal income.
Single Family
Built in 1810
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49042, Constantine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,521 (75.8%) |
| Renter Occupied HU | 321 (16.0%) |
| Vacant Housing Units | 165 ( 8.2%) |
| Median Home Value | $169,756 |
| Average Home Value | $200,357 |
Housing Distribution
Address Breakdown
Residential
1,916
Single Family
1,829
Multi-Family
87
Businesses
106
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Listed by: Peggy Ruggles • Century 21 Affiliated
Mls Name: MichRIC
Mls ID: #25050378