69312 Teter TrlCassopolisMI49031
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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 Cassopolis at 69312 Teter Trl, Cassopolis, MI, 49031 offers a 10.57% rental yield on a $345,000 purchase with $3,038/mo rent. Total monthly income registers $3,038/mo, and a $1,689/mo payment leaves $763/mo available for distribution. Annual cash flow reaches $9,150/yr on $114,368 to close, and return on cash invested stands at 27.91% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 146.28% and total cumulative return in cash at $167,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,038/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Terri J Parrish • Coldwell Banker Real Estate Group
Mls Name: MichRIC
Mls ID: #25058865