108 Floral AveSaint 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
Rental property for sale in Saint Johns at 108 Floral Ave, Saint Johns, MI, 48879 priced at $110,000 converts $841/mo rent into $116/mo cash flow after a $538/mo obligation. Total monthly income equals $841/mo, and annual cash flow totals $1,392/yr on $36,465 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 9.17% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 123.8% and total cumulative return in cash sums $45,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $841/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,405 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: Zack Lessner • New Michigan Realty
Mls Name: Realcomp II
Mls ID: #20251059926