1010 Ivanhoe StSturgisMI49091
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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 Sturgis at 1010 Ivanhoe St, Sturgis, MI, 49091 offers $5,887/mo rent that, after a $1,218/mo payment, leaves $4,246/mo cash flow. Total monthly income is $5,887/mo, and annual cash flow is $50,950/yr on $82,510 cash. Return on cash invested measures 81.66% in year one, and rental yield stands at 28.38% at a $248,900 entry. Equity gained on principal adds $1,606/yr while 5% annual appreciation compounds into $68,766 by year five. Five-year ROI records 434.49% and total cumulative return in cash reaches $358,501. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,887/mo property income versus a $1,218/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49091, Sturgis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,734 (100%) |
| Owner Occupied HU | 5,515 (63.1%) |
| Renter Occupied HU | 2,168 (24.8%) |
| Vacant Housing Units | 1,051 (12.0%) |
| Median Home Value | $184,271 |
| Average Home Value | $220,724 |
Housing Distribution
Address Breakdown
Residential
8,139
Single Family
7,258
Multi-Family
881
Businesses
611
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