1105 Fairfield DrMount PleasantMI48858
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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 Mount Pleasant at 1105 Fairfield Dr, Mount Pleasant, MI, 48858 generates $2,902/mo in rent and, after a $1,933/mo payment, leaves $298/mo in cash flow. Total monthly income is $2,902/mo, and annual cash flow is $3,570/yr on $130,943 invested. Return on cash invested sits at 22.64% in year one, and rental yield is 8.82% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 118% and total cumulative return in cash sums $154,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,902/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.43 Acres 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 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Jenna Pacek • Modern Realty
Mls Name: MiRealSource
Mls ID: #50188884