407 W Roe StBuchananMI49107
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 407 W Roe St, Buchanan, MI, 49107 in Buchanan. Priced at $185,000, it generates $2,828/mo in gross rent and $1,608/mo in net monthly cash flow, a 18.35% yield that comfortably supports the 3.40 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $19,301. Five-year appreciation: $51,112. Equity from principal paydown: $1,704/yr. Total projected cumulative return: $173,957.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.4% | 9.5% |
| Monthly Cash Flow | $1,608 | $320 |
City averages based on Buchanan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,828 |
| Total Monthly Debt Service | $1,146 |
| DSCR Ratio | 2.47x |
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 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices