309 Water StPaw PawMI49079
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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
Rental property for sale in Paw Paw at 309 Water St, Paw Paw, MI, 49079 priced at $179,900 converts $1,714/mo rent into $527/mo cash flow after a $881/mo obligation. Total monthly income equals $1,714/mo, and annual cash flow totals $6,326/yr on $59,637 invested. Return on cash invested prints 30.52% in year one, and rental yield reads 11.43% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 160.33% and total cumulative return in cash sums $95,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,714/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1919
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49079, Paw Paw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,321 (100%) |
| Owner Occupied HU | 4,480 (70.9%) |
| Renter Occupied HU | 1,184 (18.7%) |
| Vacant Housing Units | 657 (10.4%) |
| Median Home Value | $267,564 |
| Average Home Value | $312,508 |
Housing Distribution
Address Breakdown
Residential
5,908
Single Family
5,355
Multi-Family
553
Businesses
454
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