1602 Fessenden AveMount 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
Rental property for sale in Mount Pleasant at 1602 Fessenden Ave, Mount Pleasant, MI, 48858 priced at $189,900 pairs $1,357/mo rent with $105/mo cash flow after a $929/mo payment. Total monthly income equals $1,357/mo, and annual cash flow comes to $1,262/yr on $62,952 invested. Return on cash invested is 21.91% in year one, and rental yield stands at 8.58% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 114.19% and total cumulative return in cash reaches $71,885. For financing, Ziffy Mortgage’s DSCR program evaluates $1,357/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
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: Dawn Krantz • COLDWELL BANKER MT. PLEASANT REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931409
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.