1015 Randy LnSaint 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 1015 Randy Ln, Saint Johns, MI, 48879 listed at $289,000 pairs $2,048/mo rent with a $1,415/mo payment to leave $142/mo cash flow. Total monthly income runs $2,048/mo, and annual cash flow reaches $1,700/yr on $95,804 cash to close. Return on cash invested measures 21.68% in year one, and rental yield registers 8.5% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 112.91% and total cumulative return in cash totals $108,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,048/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
4,791 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: Joe Mullaney • RE/MAX Finest
Mls Name: Greater Lansing AOR
Mls ID: #290270