302 E Jefferson StCassopolisMI49031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cassopolis at 302 E Jefferson St, Cassopolis, MI, 49031 at $299,000 posts ROI 28.08% with $675/mo cash flow from $2,646/mo rent. Total monthly income equals $2,646/mo, and annual cash flow records $8,096/yr on $99,119 to close. Return on cash invested measures 28.08% and rental yield reads 10.62% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 147.18% and total cumulative return in cash totals $145,882.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,646/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1904
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Nearby investment properties with comparable prices
Listed by: Dennis Bamber • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062589
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.