15 E Spring St #12Port AustinMI48467
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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 Port Austin at 15 E Spring St #12, Port Austin, MI, 48467 listed at $375,000 pairs $2,189/mo rent with a $1,835/mo payment. Total monthly income runs $2,189/mo. Return on cash invested measures 13.31% in year one, and rental yield registers 7% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 69.41% and total cumulative return in cash totals $86,283. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,189/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1999
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: David Tuscany • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50179781
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