501 Main StDowagiacMI49047
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
Investment Highlights
Rental property for sale in Dowagiac at 501 Main St, Dowagiac, MI, 49047 priced at $325,000 converts $3,016/mo rent into $873/mo cash flow after a $1,591/mo obligation. Total monthly income equals $3,016/mo, and annual cash flow totals $10,470/yr on $107,738 invested. Return on cash invested prints 29.63% in year one, and rental yield reads 11.14% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 155.51% and total cumulative return in cash sums $167,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,016/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1882
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49047, Dowagiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,799 (100%) |
| Owner Occupied HU | 4,433 (56.8%) |
| Renter Occupied HU | 1,459 (18.7%) |
| Vacant Housing Units | 1,907 (24.5%) |
| Median Home Value | $194,164 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
6,391
Single Family
6,179
Multi-Family
212
Businesses
425
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