3748 Tartan CirPortageMI49024
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.79, 3748 Tartan Cir, Portage, MI, 49024 in Portage sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.68%. The 9.68% yield is backed by 5% annual appreciation projecting $62,163 in value gain, plus $2,072/yr in principal reduction. Total projected cumulative return: $85,488.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $(27) | $900 |
City averages based on Portage market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,814 |
| Total Monthly Debt Service | $1,752 |
| DSCR Ratio | 1.04x |
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.
Condo
Built in 1985
N/A lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
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
Condo
Built in 1985
N/A lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
