487 E Elizabeth StStockbridgeMI49285
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 487 E Elizabeth St, Stockbridge, MI, 49285 in Stockbridge. At $169,900 it earns $1,339/mo in rent and distributes $209/mo to the owner after the $764/mo payment, a consistent 9.39% yield. DSCR 1.75 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,940 in value; $1,565/yr in principal paydown compounds ownership stake. Total projected return: $78,843.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.2% |
| Monthly Cash Flow | $209 | $1,200 |
City averages based on Stockbridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,339 |
| Total Monthly Debt Service | $1,053 |
| DSCR Ratio | 1.27x |
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 1900
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49285, Stockbridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 1,878 (80.7%) |
| Renter Occupied HU | 330 (14.2%) |
| Vacant Housing Units | 120 ( 5.2%) |
| Median Home Value | $283,200 |
| Average Home Value | $312,280 |
Housing Distribution
Address Breakdown
Residential
2,177
Single Family
2,129
Multi-Family
48
Businesses
126
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 1900
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49285, Stockbridge, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,328 (100%) |
| Owner Occupied HU | 1,878 (80.7%) |
| Renter Occupied HU | 330 (14.2%) |
| Vacant Housing Units | 120 ( 5.2%) |
| Median Home Value | $283,200 |
| Average Home Value | $312,280 |
Housing Distribution
Address Breakdown
Residential
2,177
Single Family
2,129
Multi-Family
48
Businesses
126
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KAYLA DOMINIQUE • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025282
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.