560 S Washington StConstantineMI49042
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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
Investment Highlights
Investment property for sale in Constantine at 560 S Washington St, Constantine, MI, 49042 offers a 9.17% rental yield on a $128,000 purchase with $978/mo rent. Total monthly income registers $978/mo, and a $627/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $781/yr on $42,432 to close, and return on cash invested stands at 21.75% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 114.05% and total cumulative return in cash at $48,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $978/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49042, Constantine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,521 (75.8%) |
| Renter Occupied HU | 321 (16.0%) |
| Vacant Housing Units | 165 ( 8.2%) |
| Median Home Value | $169,756 |
| Average Home Value | $200,357 |
Housing Distribution
Address Breakdown
Residential
1,916
Single Family
1,829
Multi-Family
87
Businesses
106
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Listed by: Jeff Wright • Keller Williams Kalamazoo Market Center
Mls Name: MichRIC
Mls Provider:
Mls ID: #25009778
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.