57 S 3rd StNilesMI49120
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 Niles at 57 S 3rd St, Niles, MI, 49120 priced at $140,000 pairs $1,336/mo rent with $413/mo cash flow after a $685/mo payment. Total monthly income equals $1,336/mo, and annual cash flow comes to $4,956/yr on $46,410 invested. Return on cash invested is 30.59% in year one, and rental yield stands at 11.45% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 160.62% and total cumulative return in cash reaches $74,542. For financing, Ziffy Mortgage’s DSCR program evaluates $1,336/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1922
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49120, Niles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,517 (100%) |
| Owner Occupied HU | 11,816 (71.5%) |
| Renter Occupied HU | 3,504 (21.2%) |
| Vacant Housing Units | 1,197 ( 7.2%) |
| Median Home Value | $196,962 |
| Average Home Value | $257,729 |
Housing Distribution
Address Breakdown
Residential
15,849
Single Family
14,815
Multi-Family
1,034
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices