308 N Elm StThree OaksMI49128
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
Rental property for sale in Three Oaks at 308 N Elm St, Three Oaks, MI, 49128 generates $1,716/mo in rent, after a $1,957/mo payment. Total monthly income is $1,716/mo. Return on cash invested sits at 11.57% in year one, and rental yield is 5.15% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 58.7% and total cumulative return in cash sums $77,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,716/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49128, Three Oaks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,284 (61.5%) |
| Renter Occupied HU | 234 (11.2%) |
| Vacant Housing Units | 570 (27.3%) |
| Median Home Value | $319,149 |
| Average Home Value | $402,960 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,701
Multi-Family
41
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maggie Olson • Cressy & Everett R.E. of Harbor Country
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062847
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.