408 N Clark StCentrevilleMI49032
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 408 N Clark St, Centreville, MI, 49032 in Centreville hard to pass up. The 13.55% gross yield on a $219,000 purchase results in $2,472/mo in rent and $1,028/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.51). Annual cash flow of $12,334, five-year appreciation of $60,506, and $2,017/yr in equity build-up combine for a projected total cumulative return of $149,578.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 7.0% |
| Monthly Cash Flow | $1,028 | $350 |
City averages based on Centreville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,472 |
| Total Monthly Debt Service | $1,357 |
| DSCR Ratio | 1.82x |
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 1942
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
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 1942
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49032, Centreville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,116 (100%) |
| Owner Occupied HU | 846 (75.8%) |
| Renter Occupied HU | 191 (17.1%) |
| Vacant Housing Units | 79 ( 7.1%) |
| Median Home Value | $215,546 |
| Average Home Value | $239,232 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
896
Multi-Family
52
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices