3164 Baseline RdGoblesMI49055
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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 Gobles at 3164 Baseline Rd, Gobles, MI, 49055 priced at $192,000 converts $1,942/mo rent into $676/mo cash flow after a $940/mo obligation. Total monthly income equals $1,942/mo, and annual cash flow totals $8,107/yr on $63,648 invested. Return on cash invested prints 32.65% in year one, and rental yield reads 12.14% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 171.69% and total cumulative return in cash sums $109,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,942/mo property income covering a $940/mo payment, not borrower’s personal income.
Single Family
Built in 1936
0.25 Acres 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
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