1521 E Broadway 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 1521 E Broadway St, Mount Pleasant, MI, 48858 earns $356/mo cash flow from $1,872/mo rent with a $1,125/mo payment. Total monthly income totals $1,872/mo, and annual cash flow totals $4,274/yr on $76,212 capital. ROI tracks 25.52% on current figures, and rental yield reads 9.77% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 133.51% and total cumulative return in cash sums $101,747. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,872/mo property income instead of your personal income.
Single Family
Built in 1962
0.30 Acres 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: Jerry Garner • Century 21 Forward (BR)
Mls Name: MichRIC
Mls ID: #25045452