Long Lake Dr #2CassopolisMI49031
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Cassopolis rentals match the income profile of Long Lake Dr #2, Cassopolis, MI, 49031. Listed at $119,000, gross rent is $3,470/mo and net cash flow is $2,652/mo, a 35% yield well above national averages. DSCR 6.49 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $32,878 by year five with $1,096/yr in annual principal reduction, projecting $216,161 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 35% | 8.9% |
| Monthly Cash Flow | $2,652 | $850 |
City averages based on Cassopolis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,470 |
| Total Monthly Debt Service | $771 |
| DSCR Ratio | 4.50x |
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.
Lot
Built in N/A
2.52 Acres lot
$N/A/sqft
$400 annually 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
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
Lot
Built in N/A
2.52 Acres lot
$N/A/sqft
$400 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Toney • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24034528
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.