414 E Division StDowagiacMI49047
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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 Dowagiac at 414 E Division St, Dowagiac, MI, 49047 uses $62,952 cash to close to unlock $122/yr annual cash flow and $10/mo monthly cash flow. Total monthly income runs $1,262/mo, and a $929/mo payment keeps the spread at $10/mo. Purchase price stands at $189,900, and rental yield measures 7.97% with $1,262/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 104.47% and total cumulative return in cash records $65,765. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,262/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49047, Dowagiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,799 (100%) |
| Owner Occupied HU | 4,433 (56.8%) |
| Renter Occupied HU | 1,459 (18.7%) |
| Vacant Housing Units | 1,907 (24.5%) |
| Median Home Value | $194,164 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
6,391
Single Family
6,179
Multi-Family
212
Businesses
425
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