1223 S Westshore DrSault Sainte MarieMI49783
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Nearby investment properties with comparable prices
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 1223 S Westshore Dr, Sault Sainte Marie, MI, 49783 offers a 18.95% rental yield on a $160,000 purchase with $2,526/mo rent. Total monthly income registers $2,526/mo, and a $783/mo payment leaves $1,471/mo available for distribution. Annual cash flow reaches $17,652/yr on $53,040 to close, and return on cash invested stands at 53.19% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 281.84% and total cumulative return in cash at $149,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,526/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
10.07 Acres 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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Nearby investment properties with comparable prices
Listed by: Chase Teeple • CENTURY 21 Advantage Plus
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-689
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.