306 Water StSaint JosephMI49085
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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
Total monthly income runs $3,000/mo, and a $5,599/mo payment. Purchase price stands at $1,144,000, and rental yield measures 3.15% with $3,000/mo rent. Return on cash invested shows 5.66% in year one, and 5% annual appreciation builds toward $316,066 over five years. Five-year ROI reaches 26.88% and total cumulative return in cash records $99,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $5,599/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,734 (100%) |
| Owner Occupied HU | 8,123 (69.2%) |
| Renter Occupied HU | 2,388 (20.4%) |
| Vacant Housing Units | 1,223 (10.4%) |
| Median Home Value | $316,036 |
| Average Home Value | $368,464 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
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Listed by: Tamra Curtis • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls ID: #24024981