93402 Lee 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
Investment property for sale in Dowagiac at 93402 Lee St, Dowagiac, MI, 49047 uses $125,937 cash to close to unlock $6,458/yr annual cash flow and $538/mo monthly cash flow. Total monthly income runs $3,043/mo, and a $1,859/mo payment keeps the spread at $538/mo. Purchase price stands at $379,900, and rental yield measures 9.61% with $3,043/mo rent. Return on cash invested shows 25.04% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash records $164,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,043/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.28 Acres 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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