614 Walnut StThree RiversMI49093
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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 Three Rivers at 614 Walnut St, Three Rivers, MI, 49093 offers $2,179/mo rent that, after a $1,224/mo payment, leaves $530/mo cash flow. Total monthly income is $2,179/mo, and annual cash flow is $6,360/yr on $82,875 cash. Return on cash invested measures 27.58% in year one, and rental yield stands at 10.46% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 144.5% and total cumulative return in cash reaches $119,758. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,179/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1867
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Traci L Weiandt • Keller Williams Kalamazoo Market Center
Mls Name: MichRIC
Mls ID: #25056988