112 W Gibbs StSaint 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 112 W Gibbs St, Saint Johns, MI, 48879 uses $64,643 cash to close to unlock $9,606/yr annual cash flow and $801/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $954/mo payment keeps the spread at $801/mo. Purchase price stands at $195,000, and rental yield measures 12.84% with $2,086/mo rent. Return on cash invested shows 34.77% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 183.11% and total cumulative return in cash records $118,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.58 Acres 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: Tyler Horton • HMG Realty
Mls Name: MiRealSource
Mls ID: #50188386