1445 Us Highway 2 WSaint IgnaceMI49781
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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 Saint Ignace at 1445 Us Highway 2 W, Saint Ignace, MI, 49781 generates $2,419/mo in rent, after a $4,405/mo payment. Total monthly income is $2,419/mo. Return on cash invested sits at 5.81% in year one, and rental yield is 3.23% on a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 27.75% and total cumulative return in cash sums $82,156. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,419/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
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Listed by: Kelli Walinske • @properties Christie's Int'l
Mls Name: MichRIC
Mls ID: #25038500