12877 S M 129Sault Sainte MarieMI49783
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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 Sault Sainte Marie at 12877 S M 129, Sault Sainte Marie, MI, 49783 offers a 9.16% rental yield on a $159,000 purchase with $1,214/mo rent. Total monthly income registers $1,214/mo, and a $778/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,988/yr on $52,709 to close, and return on cash invested stands at 23.68% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 123.6% and total cumulative return in cash at $65,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,214/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.83 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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Listed by: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls ID: #25-1025