1016 E 6th AveSault Sainte MarieMI49783
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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 Sault Sainte Marie at 1016 E 6th Ave, Sault Sainte Marie, MI, 49783 uses $72,599 cash to close to unlock $17,636/yr annual cash flow and $1,470/mo monthly cash flow. Total monthly income runs $2,914/mo, and a $1,072/mo payment keeps the spread at $1,470/mo. Purchase price stands at $219,000, and rental yield measures 15.97% with $2,914/mo rent. Return on cash invested shows 44.2% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 233.67% and total cumulative return in cash records $169,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,914/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
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Listed by: Janis Leslie Ley • eXp Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-819
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.