624 Spruce StDowagiacMI49047
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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 Dowagiac at 624 Spruce St, Dowagiac, MI, 49047 uses $59,670 cash to close to unlock $7,020/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $1,772/mo, and a $881/mo payment keeps the spread at $585/mo. Purchase price stands at $180,000, and rental yield measures 11.81% with $1,772/mo rent. Return on cash invested shows 31.67% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 166.44% and total cumulative return in cash records $99,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,772/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49047, Dowagiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,799 (100%) |
| Owner Occupied HU | 4,433 (56.8%) |
| Renter Occupied HU | 1,459 (18.7%) |
| Vacant Housing Units | 1,907 (24.5%) |
| Median Home Value | $194,164 |
| Average Home Value | $254,058 |
Housing Distribution
Address Breakdown
Residential
6,391
Single Family
6,179
Multi-Family
212
Businesses
425
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