The property at 435 E Saint Joseph St in Watervliet, MI, offers substantial rental potential with a range of $1,299 to $1,700 per month based on comps. Given its three-bedroom layout and proximity to local amenities, it stands out in the rental market. With a modest price of $49,900 and an estimated annual income of around $15.6K to $20.4K, the payback period is quite brief, likely less than four years. Market conditions in Watervliet are stable, with increasing demand for affordable housing, making this an attractive investment. The home's charming ranch style and sizable lot are appealing, though its age may require updates.

To maximize rental income, consider minor renovations like modernizing appliances and refreshing interiors. This could push rental rates to the higher end of the spectrum. If selling is on the horizon, emphasize the property's location and potential ROI to prospective buyers. Highlighting its proximity to schools and amenities can also be a strong selling point.