28750 Steve RdDowagiacMI49047
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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 Dowagiac at 28750 Steve Rd, Dowagiac, MI, 49047 generates $1,683/mo in rent and, after a $1,224/mo payment, leaves $34/mo in cash flow. Total monthly income is $1,683/mo, and annual cash flow is $408/yr on $82,875 invested. Return on cash invested sits at 20.4% in year one, and rental yield is 8.08% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 106% and total cumulative return in cash sums $87,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,683/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49047, Dowagiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,799 (100%) |
| Owner Occupied HU | 4,433 (56.8%) |
| Renter Occupied HU | 1,459 (18.7%) |
| Vacant Housing Units | 1,907 (24.5%) |
| Median Home Value | $194,164 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
6,391
Single Family
6,179
Multi-Family
212
Businesses
425
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