344 E Main StVermontvilleMI49096
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 344 E Main St, Vermontville, MI, 49096 in Vermontville hard to pass up. The 12.79% gross yield on a $128,000 purchase results in $1,364/mo in rent and $520/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.37). Annual cash flow of $6,239, five-year appreciation of $35,364, and $1,179/yr in equity build-up combine for a projected total cumulative return of $82,220.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 6.0% |
| Monthly Cash Flow | $520 | $150 |
City averages based on Vermontville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,364 |
| Total Monthly Debt Service | $793 |
| DSCR Ratio | 1.72x |
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 1920
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
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 1920
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49096, Vermontville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,240 (100%) |
| Owner Occupied HU | 1,002 (80.8%) |
| Renter Occupied HU | 164 (13.2%) |
| Vacant Housing Units | 74 ( 6.0%) |
| Median Home Value | $253,727 |
| Average Home Value | $293,565 |
Housing Distribution
Address Breakdown
Residential
1,200
Single Family
1,184
Multi-Family
16
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Schilz • Greenridge Realty (Hastings)
Mls Name: MichRIC
Mls ID: #25062648