401 Ridgeway StSaint JosephMI49085
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
Investment Highlights
Rental property for sale in Saint Joseph at 401 Ridgeway St, Saint Joseph, MI, 49085 priced at $1,250,000 pairs $5,665/mo rent with after a $6,118/mo payment. Total monthly income equals $5,665/mo. Return on cash invested is 12.73% in year one, and rental yield stands at 5.44% on a $1,250,000 basis. Equity gained on principal adds $8,066/yr, and 5% annual appreciation accumulates to $345,352 by year five. Five-year ROI measures 64.79% and total cumulative return in cash reaches $262,405. For financing, Ziffy Mortgage’s DSCR program evaluates $5,665/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan D Green • Green Towne Coastal Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010145
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.