703 Main 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
Rental property for sale in Dowagiac at 703 Main St, Dowagiac, MI, 49047 priced at $179,500 converts $1,620/mo rent into $436/mo cash flow after a $879/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $5,230/yr on $59,504 invested. Return on cash invested prints 28.7% in year one, and rental yield reads 10.83% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 150.51% and total cumulative return in cash sums $89,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $879/mo payment, not borrower’s personal income.
Single Family
Built in 1915
9,583 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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