604 W Congress StSturgisMI49091
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 Sturgis at 604 W Congress St, Sturgis, MI, 49091 priced at $150,000 pairs $1,427/mo rent with $438/mo cash flow after a $734/mo payment. Total monthly income equals $1,427/mo, and annual cash flow comes to $5,256/yr on $49,725 invested. Return on cash invested is 30.48% in year one, and rental yield stands at 11.42% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 160.06% and total cumulative return in cash reaches $79,590. For financing, Ziffy Mortgage’s DSCR program evaluates $1,427/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1937
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49091, Sturgis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,734 (100%) |
| Owner Occupied HU | 5,515 (63.1%) |
| Renter Occupied HU | 2,168 (24.8%) |
| Vacant Housing Units | 1,051 (12.0%) |
| Median Home Value | $184,271 |
| Average Home Value | $220,724 |
Housing Distribution
Address Breakdown
Residential
8,139
Single Family
7,258
Multi-Family
881
Businesses
611
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