616 E Broadway StThree RiversMI49093
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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
Rental property for sale in Three Rivers at 616 E Broadway St, Three Rivers, MI, 49093 generates $1,347/mo in rent and, after a $842/mo payment, leaves $213/mo in cash flow. Total monthly income is $1,347/mo, and annual cash flow is $2,551/yr on $57,018 invested. Return on cash invested sits at 24.38% in year one, and rental yield is 9.4% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 127.39% and total cumulative return in cash sums $72,637. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,347/mo property income rather than buyer’s personal income.
Single Family
Built in 1883
0.25 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: Kathleen Hawkins • Five Star Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25005688
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.