1005 S Swegles StSaint JohnsMI48879
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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 Saint Johns at 1005 S Swegles St, Saint Johns, MI, 48879 earns from $2,171/mo rent with a $1,640/mo payment. Total monthly income totals $2,171/mo. ROI tracks 19.49% on current figures, and rental yield reads 7.78% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 101.16% and total cumulative return in cash sums $112,340. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,171/mo property income instead of your personal income.
Single Family
Built in 1968
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48879, Saint Johns, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,734 (100%) |
| Owner Occupied HU | 5,988 (77.4%) |
| Renter Occupied HU | 1,368 (17.7%) |
| Vacant Housing Units | 378 ( 4.9%) |
| Median Home Value | $246,160 |
| Average Home Value | $285,008 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,031
Multi-Family
405
Businesses
521
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Listed by: Patti J Warnke • Patti Warnke Real Estate Group
Mls Name: Greater Lansing AOR
Mls ID: #293644