616 Magnolia StThree OaksMI49128
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
Investment property for sale in Three Oaks at 616 Magnolia St, Three Oaks, MI, 49128 with 5% annual appreciation on a $369,000 basis while $1,600/mo rent supports operations. 73% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 5.2%. Five-year ROI measures 59.54% and total cumulative return in cash totals $72,831. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,600/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49128, Three Oaks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,088 (100%) |
| Owner Occupied HU | 1,284 (61.5%) |
| Renter Occupied HU | 234 (11.2%) |
| Vacant Housing Units | 570 (27.3%) |
| Median Home Value | $319,149 |
| Average Home Value | $402,960 |
Housing Distribution
Address Breakdown
Residential
1,742
Single Family
1,701
Multi-Family
41
Businesses
112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gail R Grosse • 144 Keys
Mls Name: MichRIC
Mls ID: #25060791