15801 S 6th StSchoolcraftMI49087
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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 Schoolcraft at 15801 S 6th St, Schoolcraft, MI, 49087 uses $132,600 cash to close to unlock $7,464/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $3,260/mo, and a $1,958/mo payment keeps the spread at $622/mo. Purchase price stands at $400,000, and rental yield measures 9.78% with $3,260/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 133.54% and total cumulative return in cash records $177,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,260/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1978
17.84 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Patrick Aldworth • Evenboer Walton, REALTORS
Mls Name: MichRIC
Mls Provider:
Mls ID: #25029514
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.