1749 Saint Clair River DrAlgonacMI48001
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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 Algonac at 1749 Saint Clair River Dr, Algonac, MI, 48001 offers a 12.05% rental yield on a $397,800 purchase with $3,994/mo rent. Total monthly income registers $3,994/mo, and a $1,947/mo payment leaves $1,371/mo available for distribution. Annual cash flow reaches $16,449/yr on $131,871 to close, and return on cash invested stands at 32.38% in year one. Equity gained on principal adds $2,567/yr while 5% annual appreciation supports $109,905 over five years. Portfolio math shows five-year ROI at 170.26% and total cumulative return in cash at $224,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,994/mo property income against a $1,947/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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