510 Cedar St, Paw Paw, MI, 49079 | 7.65% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Paw Paw at 510 Cedar St, Paw Paw, MI, 49079 generates $1,499/mo in rent, after a $1,150/mo payment. Total monthly income is $1,499/mo. Return on cash invested sits at 17.65% in year one, and rental yield is 7.65% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 91.83% and total cumulative return in cash sums $71,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,499/mo property income rather than buyer’s personal income.

Multi Family

Built in 1883

0.39 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49079, Paw Paw, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,321 (100%)
Owner Occupied HU	4,480 (70.9%)
Renter Occupied HU	1,184 (18.7%)
Vacant Housing Units	657 (10.4%)
Median Home Value	$267,564
Average Home Value	$312,508