813 Park Shore DrCassopolisMI49031
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
Investment Highlights
Rental property for sale in Cassopolis at 813 Park Shore Dr, Cassopolis, MI, 49031 priced at $425,000 converts $2,924/mo rent into $122/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,924/mo, and annual cash flow totals $1,458/yr on $140,888 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 8.26% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 108.92% and total cumulative return in cash sums $153,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,924/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1898
1.56 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: Evan Forslund • Berkshire Hathaway HomeServices Michigan Real Estate
Mls Name: MichRIC
Mls ID: #25044463