3464 Rivers Edge Dr #10, Saint Joseph, MI, 49085 | $845/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Joseph at 3464 Rivers Edge Dr #10, Saint Joseph, MI, 49085 generates $2,815/mo in rent and, after a $1,351/mo payment, leaves $845/mo in cash flow. Total monthly income is $2,815/mo, and annual cash flow is $10,138/yr on $91,494 invested. Return on cash invested sits at 30.99% in year one, and rental yield is 12.24% on a $275,999 entry. Equity gained on principal adds $1,781/yr, while 5% annual appreciation builds toward $76,253 over five years. Five-year ROI reaches 163.5% and total cumulative return in cash sums $149,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,815/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

$450 quarterly 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