429 Portage AveThree RiversMI49093
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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 Three Rivers at 429 Portage Ave, Three Rivers, MI, 49093 with 5% annual appreciation on a $210,000 basis while $1,426/mo rent supports operations. Total monthly income totals $1,426/mo and a $1,028/mo payment preserves $41/mo for cash returns. Annual cash flow comes to $492/yr on $69,615 deployed, and return on cash invested reaches 20.62% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 8.15%. Five-year ROI measures 107.15% and total cumulative return in cash totals $74,596.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,426/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Samuel S Murray • BHG Connections
Mls Name: MichRIC
Mls ID: #25034399