3053 Baseline RdGoblesMI49055
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3053 Baseline Rd, Gobles, MI, 49055 in Gobles fits: $369,000, 4.37% gross yield, and a projected 5% annual appreciation rate adding $101,948 in value within five years. Rental yield 4.37%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.81) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,399/yr in principal paydown and $101,948 in appreciation project a total return of $70,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 8.0% |
| Monthly Cash Flow | $(1,088) | $1,200 |
City averages based on Gobles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,345 |
| Total Monthly Debt Service | $2,287 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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
Single Family
Built in 1958
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices