986 Harbor Dr E, Saint Joseph, MI, 49085 | $1,819/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Joseph at 986 Harbor Dr E, Saint Joseph, MI, 49085 priced at $565,000 pairs $5,884/mo rent with $1,819/mo cash flow after a $2,765/mo payment. Total monthly income equals $5,884/mo, and annual cash flow comes to $21,822/yr on $185,885 invested. Return on cash invested is 31.8% in year one, and rental yield stands at 12.5% on a $565,000 basis. Equity gained on principal adds $3,646/yr, and 5% annual appreciation accumulates to $156,099 by year five. Five-year ROI measures 167.91% and total cumulative return in cash reaches $312,123. For financing, Ziffy Mortgage’s DSCR program evaluates $5,884/mo property income against a $2,765/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2024

N/A lot

$N/A/sqft

$340 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49085, Saint Joseph, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,734 (100%)
Owner Occupied HU	8,123 (69.2%)
Renter Occupied HU	2,388 (20.4%)
Vacant Housing Units	1,223 (10.4%)
Median Home Value	$316,036
Average Home Value	$368,464