62407 Cond DrJonesMI49061
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 62407 Cond Dr, Jones, MI, 49061 in Jones. Priced at $349,900, it generates $5,743/mo in gross rent and $3,436/mo in net monthly cash flow, a 19.7% yield that comfortably supports the 3.65 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $41,229. Five-year appreciation: $96,671. Equity from principal paydown: $3,223/yr. Total projected cumulative return: $354,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.7% | 6.0% |
| Monthly Cash Flow | $3,436 | $800 |
City averages based on Jones market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,743 |
| Total Monthly Debt Service | $2,168 |
| DSCR Ratio | 2.65x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49061, Jones, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 871 (100%) |
| Owner Occupied HU | 600 (68.9%) |
| Renter Occupied HU | 91 (10.4%) |
| Vacant Housing Units | 180 (20.7%) |
| Median Home Value | $247,222 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
666
Multi-Family
0
Businesses
28
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
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49061, Jones, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 871 (100%) |
| Owner Occupied HU | 600 (68.9%) |
| Renter Occupied HU | 91 (10.4%) |
| Vacant Housing Units | 180 (20.7%) |
| Median Home Value | $247,222 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
666
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices