323 E Main StElsieMI48831
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.55% yield at 323 E Main St, Elsie, MI, 48831 in Elsie is solid, but the $603/mo payment compresses net cash flow to $182/mo at $134,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $37,022 by year five, and $1,234/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.77) without U.S. income documentation. Total projected return: $62,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $182 | $800 |
City averages based on Elsie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,066 |
| Total Monthly Debt Service | $830 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
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
Single Family
Built in 1900
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Ann Schmidtmann • Brokers Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290969
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS