3029 Tattersall RdPortageMI49024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 3029 Tattersall Rd, Portage, MI, 49024 in Portage is narrow, $89/mo net on $2,430/mo rent after the $1,683/mo debt service, but the property operates at break-even-plus, not a loss. At $355,000 with a 8.21% yield, the long-run equity case via 5% appreciation ($98,080 over five years) and $2,976/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.44 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $134,291.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $89 | $900 |
City averages based on Portage market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,430 |
| Total Monthly Debt Service | $2,286 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
