42 S Main StElktonMI48731
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 42 S Main St, Elkton, MI, 48731 in Elkton is listed at $175,000 and delivers $1,618/mo in rent and $464/mo in net monthly cash flow. The 11.09% yield and 2.06 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 $48,349 over five years, and $1,612/yr in principal reduction supplements cash return. Total projected cumulative return: $96,549.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.5% |
| Monthly Cash Flow | $464 | $450 |
City averages based on Elkton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,618 |
| Total Monthly Debt Service | $1,084 |
| DSCR Ratio | 1.49x |
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48731, Elkton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 521 (68.4%) |
| Renter Occupied HU | 164 (21.5%) |
| Vacant Housing Units | 77 (10.1%) |
| Median Home Value | $122,396 |
| Average Home Value | $184,429 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
362
Multi-Family
24
Businesses
55
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48731, Elkton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 521 (68.4%) |
| Renter Occupied HU | 164 (21.5%) |
| Vacant Housing Units | 77 (10.1%) |
| Median Home Value | $122,396 |
| Average Home Value | $184,429 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
362
Multi-Family
24
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices