1925 Riverside DrSault 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 1925 Riverside Dr, Sault Sainte Marie, MI, 49783 listed at $505,500 pairs $2,147/mo rent with a $2,474/mo payment. Total monthly income runs $2,147/mo. Return on cash invested measures 11.5% in year one, and rental yield registers 5.1% at a $505,500 basis. Equity gained on principal adds $3,262/yr, and annual property appreciation at 5% supports $139,660 by year five. Five-year ROI tracks 58.25% and total cumulative return in cash totals $96,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,147/mo property income relative to a $2,474/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.26 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
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Nearby investment properties with comparable prices
Listed by: Julianne Jahn • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-404
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.