1010 E Chippewa StMount PleasantMI48858
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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
Rental property for sale in Mount Pleasant at 1010 E Chippewa St, Mount Pleasant, MI, 48858 generates $1,069/mo in rent and, after a $660/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,069/mo, and annual cash flow is $2,156/yr on $44,719 invested. Return on cash invested sits at 24.73% in year one, and rental yield is 9.51% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 129.24% and total cumulative return in cash sums $57,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,069/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Tricia Boerma • BOERMA REALTY, LLC
Mls Name: NGLRMLS
Mls ID: #1936759