410 E Exchange StGoblesMI49055
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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
Investment property for sale in Gobles at 410 E Exchange St, Gobles, MI, 49055 uses $77,903 cash to close to unlock $3,702/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,858/mo, and a $1,150/mo payment keeps the spread at $309/mo. Purchase price stands at $235,000, and rental yield measures 9.49% with $1,858/mo rent. Return on cash invested shows 24.66% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 128.87% and total cumulative return in cash records $100,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,858/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1901
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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