512 Wayne St, Saint Joseph, MI, 49085 | $194/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2246 sft

Watertown Dr #OLD3CL, Watervliet, MI, 49098

4 Bed
3 Bath
1774 sft

506 Dogwood Ln, Watervliet, MI, 49098

3 Bed
3 Bath
1888 sft

50139 W Lakeshore Dr, Dowagiac, MI, 49047

4 Bed
4 Bath
2620 sft

2441 Butterfly Ln, Berrien Springs, MI, 49103

Nearby investment properties with comparable prices

4 Bed
3 Bath
2615 sft

604 N Mechanic St, Berrien Springs, MI, 49103

4 Bed
3 Bath
2719 sft

5861 Wyndstone Dr, Stevensville, MI, 49127

4 Bed
3 Bath
2276 sft

4923 Knollwood Dr, Saint Joseph, MI, 49085

4 Bed
2 Bath
2310 sft

1155 S Bainbridge Center Rd, Benton Harbor, MI, 49022

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 512 Wayne St, Saint Joseph, MI, 49085 with 5% annual appreciation on a $544,900 basis while $3,787/mo rent supports operations. Total monthly income totals $3,787/mo and a $2,667/mo payment preserves $194/mo for cash returns. Annual cash flow comes to $2,324/yr on $179,272 deployed, and return on cash invested reaches 21.36% in year one. Equity gained on principal adds $3,516/yr, and five-year appreciation sums $150,546 alongside rental yield of 8.34%. Five-year ROI measures 111.12% and total cumulative return in cash totals $199,205.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,787/mo property income versus a $2,667/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1910

6,534 sqft lot

$N/A/sqft

No 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