308 Anchors WaySaint JosephMI49085
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 Saint Joseph at 308 Anchors Way, Saint Joseph, MI, 49085 earns from $3,347/mo rent with a $3,206/mo payment. Total monthly income totals $3,347/mo. ROI tracks 13.65% on current figures, and rental yield reads 6.13% at a $655,000 purchase. Equity gained on principal adds $4,227/yr, and 5% annual appreciation supports $180,964 over five years. Five-year ROI reaches 70.14% and total cumulative return in cash sums $151,139. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,347/mo property income instead of your personal income.
Single Family
Built in 2003
7,840 sqft lot
$N/A/sqft
$179 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anissa K DeSanctis • Coldwell Banker Anchor R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25002373
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.