109 W Illinois St, Mount Pleasant, MI, 48858 | 2.3% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mount Pleasant at 109 W Illinois St, Mount Pleasant, MI, 48858 offers $1,342/mo rent that, after a $3,421/mo payment. Total monthly income is $1,342/mo. Return on cash invested measures 3.01% in year one, and rental yield stands at 2.3% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 12.73% and total cumulative return in cash reaches $29,282. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,342/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1922

6,534 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