415 Empire StPortlandMI48875
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 415 Empire St, Portland, MI, 48875 in Portland offers a clean, manageable entry. Rental yield 7.8%. DSCR 1.45 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $64,926 in additional property value over five years, with $2,164/yr in principal equity building ownership stake. Total projected cumulative return: $88,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $(22) | $250 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,528 |
| Total Monthly Debt Service | $1,456 |
| DSCR Ratio | 1.05x |
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 1957
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48875, Portland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 3,418 (77.7%) |
| Renter Occupied HU | 820 (18.6%) |
| Vacant Housing Units | 163 ( 3.7%) |
| Median Home Value | $251,125 |
| Average Home Value | $277,849 |
Housing Distribution
Address Breakdown
Residential
4,375
Single Family
4,065
Multi-Family
310
Businesses
251
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 1957
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48875, Portland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,401 (100%) |
| Owner Occupied HU | 3,418 (77.7%) |
| Renter Occupied HU | 820 (18.6%) |
| Vacant Housing Units | 163 ( 3.7%) |
| Median Home Value | $251,125 |
| Average Home Value | $277,849 |
Housing Distribution
Address Breakdown
Residential
4,375
Single Family
4,065
Multi-Family
310
Businesses
251
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices