418 W North StTekonshaMI49092
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 418 W North St, Tekonsha, MI, 49092 in Tekonsha is listed at $172,000 and delivers $1,424/mo in rent and $273/mo in net monthly cash flow. The 9.79% yield and 1.84 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $47,520 over five years, and $1,584/yr in principal reduction supplements cash return. Total projected cumulative return: $84,212.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.2% |
| Monthly Cash Flow | $273 | $450 |
City averages based on Tekonsha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,424 |
| Total Monthly Debt Service | $1,066 |
| DSCR Ratio | 1.34x |
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 1880
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49092, Tekonsha, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 954 (100%) |
| Owner Occupied HU | 741 (77.7%) |
| Renter Occupied HU | 130 (13.6%) |
| Vacant Housing Units | 83 ( 8.7%) |
| Median Home Value | $221,067 |
| Average Home Value | $256,717 |
Housing Distribution
Address Breakdown
Residential
798
Single Family
798
Multi-Family
0
Businesses
50
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 1880
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49092, Tekonsha, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 954 (100%) |
| Owner Occupied HU | 741 (77.7%) |
| Renter Occupied HU | 130 (13.6%) |
| Vacant Housing Units | 83 ( 8.7%) |
| Median Home Value | $221,067 |
| Average Home Value | $256,717 |
Housing Distribution
Address Breakdown
Residential
798
Single Family
798
Multi-Family
0
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
