1503 Elk StPort HuronMI48060
Nearby investment properties with comparable rents
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 Port Huron at 1503 Elk St, Port Huron, MI, 48060 earns $257/mo cash flow from $1,444/mo rent with a $881/mo payment. Total monthly income totals $1,444/mo, and annual cash flow totals $3,084/yr on $59,670 capital. ROI tracks 25.08% on current figures, and rental yield reads 9.63% at a $179,999 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,730 over five years. Five-year ROI reaches 131.09% and total cumulative return in cash sums $78,220. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,444/mo property income instead of your personal income.
Single Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48060, Port Huron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,020 (100%) |
| Owner Occupied HU | 10,025 (55.6%) |
| Renter Occupied HU | 6,840 (38.0%) |
| Vacant Housing Units | 1,155 ( 6.4%) |
| Median Home Value | $174,784 |
| Average Home Value | $227,699 |
Housing Distribution
Address Breakdown
Residential
17,092
Single Family
15,565
Multi-Family
1,527
Businesses
1,358
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Listed by: Staci Schott • KW Platinum
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50186241
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