527 Main StDowagiacMI49047
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 527 Main St, Dowagiac, MI, 49047 in Dowagiac at $187,900 earns $1,327/mo in rent and nets $75/mo after the $845/mo payment, a 8.39% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $51,913 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $1,731/yr in principal paydown, total projected return reaches $77,253.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.8% |
| Monthly Cash Flow | $75 | $450 |
City averages based on Dowagiac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,327 |
| Total Monthly Debt Service | $1,164 |
| DSCR Ratio | 1.14x |
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
10,454 sqft 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
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
10,454 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices