370 S Monroe StBlissfieldMI49228
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 370 S Monroe St, Blissfield, MI, 49228 in Blissfield deserves attention. This $265,000 property earns $2,278/mo in rent, a 10.31% gross yield, and nets $530/mo after the $1,192/mo payment. DSCR 1.91 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $73,215 compounds alongside $2,441/yr in yearly equity build, for a total cumulative return of $135,091.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.0% |
| Monthly Cash Flow | $530 | $400 |
City averages based on Blissfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,278 |
| Total Monthly Debt Service | $1,642 |
| DSCR Ratio | 1.39x |
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 1976
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49228, Blissfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,812 (79.9%) |
| Renter Occupied HU | 345 (15.2%) |
| Vacant Housing Units | 112 ( 4.9%) |
| Median Home Value | $214,419 |
| Average Home Value | $272,837 |
Housing Distribution
Address Breakdown
Residential
2,275
Single Family
2,224
Multi-Family
51
Businesses
188
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 1976
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49228, Blissfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,269 (100%) |
| Owner Occupied HU | 1,812 (79.9%) |
| Renter Occupied HU | 345 (15.2%) |
| Vacant Housing Units | 112 ( 4.9%) |
| Median Home Value | $214,419 |
| Average Home Value | $272,837 |
Housing Distribution
Address Breakdown
Residential
2,275
Single Family
2,224
Multi-Family
51
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Moore • Moore Realty Group - Dundee
Mls Name: MiRealSource
Mls ID: #50184662