1308 E High StMount 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
Investment property for sale in Mount Pleasant at 1308 E High St, Mount Pleasant, MI, 48858 offers a 11.08% rental yield on a $169,990 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $832/mo payment leaves $449/mo available for distribution. Annual cash flow reaches $5,388/yr on $56,352 to close, and return on cash invested stands at 29.47% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,965 over five years. Portfolio math shows five-year ROI at 154.76% and total cumulative return in cash at $87,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,583 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 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Linda L Anderson • Bay Area Real Estate
Mls Name: MiRealSource
Mls ID: #50195535