1608 Young StSault Sainte MarieMI49783
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 Sault Sainte Marie at 1608 Young St, Sault Sainte Marie, MI, 49783 at $137,500 posts ROI 31.42% with $437/mo cash flow from $1,344/mo rent. Total monthly income equals $1,344/mo, and annual cash flow records $5,247/yr on $45,581 to close. Return on cash invested measures 31.42% and rental yield reads 11.73% at the current $137,500. Equity gained on principal adds $887/yr, and 5% annual appreciation supports $37,989 by year five. Five-year ROI prints 165.19% and total cumulative return in cash totals $75,293.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-136
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.