617 Elm StSaint JosephMI49085
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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
Investment property for sale in Saint Joseph at 617 Elm St, Saint Joseph, MI, 49085 at $355,000 posts ROI 16.6% with from $2,017/mo rent. Total monthly income equals $2,017/mo. Return on cash invested measures 16.6% and rental yield reads 6.82% at the current $355,000. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 by year five. Five-year ROI prints 85.65% and total cumulative return in cash totals $100,800. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,017/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,734 (100%) |
| Owner Occupied HU | 8,123 (69.2%) |
| Renter Occupied HU | 2,388 (20.4%) |
| Vacant Housing Units | 1,223 (10.4%) |
| Median Home Value | $316,036 |
| Average Home Value | $368,464 |
Housing Distribution
Address Breakdown
Residential
11,303
Single Family
10,112
Multi-Family
1,191
Businesses
1,141
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Listed by: Kerry M Wright • Wright Properties
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027493
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.