900 Elm StThree RiversMI49093
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 900 Elm St, Three Rivers, MI, 49093 in Three Rivers: $2,970/mo in rent, $547/mo in net income, 9.7% gross yield, 1.80 DSCR, all at $367,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $101,533 in appreciation and $3,385/yr in principal paydown projects total cumulative return of $175,181.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 8.5% |
| Monthly Cash Flow | $547 | $1,200 |
City averages based on Three Rivers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,970 |
| Total Monthly Debt Service | $2,277 |
| DSCR Ratio | 1.30x |
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 1955
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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 1955
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ambrosia R Adams • Chuck Jaqua, REALTOR
Mls Name: MichRIC
Mls ID: #25049083