4709 Luther Path, Saint Joseph, MI, 49085 | 7.01% Rental Yield

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1250 sft

1801 Irma Ave, Niles, MI, 49120

2 Bed
2 Bath
1832 sft

315 S State St, Niles, MI, 49120

3 Bed
2 Bath
1350 sft

1407 Hickory St, Niles, MI, 49120

4 Bed
2 Bath
1751 sft

111 Clark St, Buchanan, MI, 49107

Nearby investment properties with comparable prices

3 Bed
2 Bath
2036 sft

1350 Susan Dr, Saint Joseph, MI, 49085

3 Bed
1 Bath
2124 sft

2686 Star Ave, Niles, MI, 49120

4 Bed
2 Bath
2424 sft

6582 Ryno Rd, Coloma, MI, 49038

3 Bed
2 Bath
1167 sft

1825 S Sierra Way, Stevensville, MI, 49127

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Saint Joseph at 4709 Luther Path, Saint Joseph, MI, 49085 offers a 7.01% rental yield on a $321,000 purchase with $1,875/mo rent. 18% in year one. Equity gained on principal adds $2,071/yr while 5% annual appreciation supports $88,686 over five years. Portfolio math shows five-year ROI at 73.74% and total cumulative return in cash at $78,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,875/mo property income against a $1,571/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2006

N/A lot

$N/A/sqft

$800 quarterly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,734 (100%)
Owner Occupied HU	8,123 (69.2%)
Renter Occupied HU	2,388 (20.4%)
Vacant Housing Units	1,223 (10.4%)
Median Home Value	$316,036
Average Home Value	$368,464