333 Rainbow DrSaint JosephMI49085
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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 Saint Joseph at 333 Rainbow Dr, Saint Joseph, MI, 49085 priced at $317,999 converts $2,630/mo rent into $533/mo cash flow after a $1,556/mo obligation. Total monthly income equals $2,630/mo, and annual cash flow totals $6,401/yr on $105,417 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.92% against a $317,999 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation compiles into $87,857 by year five. Five-year ROI reaches 135.95% and total cumulative return in cash sums $143,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,630/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.52 Acres lot
$N/A/sqft
No 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
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Listed by: Skene Team • RE/MAX Modern Realty, Inc.
Mls Name: MichRIC
Mls ID: #25060126