1908 Davitt StSault Sainte MarieMI49783
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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 Sault Sainte Marie at 1908 Davitt St, Sault Sainte Marie, MI, 49783 listed at $145,000 pairs $1,118/mo rent with a $710/mo payment to leave $162/mo cash flow. Total monthly income runs $1,118/mo, and annual cash flow reaches $1,938/yr on $48,068 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.25% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 125.07% and total cumulative return in cash totals $60,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,118/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
9,958 sqft 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
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Listed by: Kristina Thibault • RE/MAX NorthStar Realty
Mls Name: EUPBR
Mls ID: #26-18