1940 Third Lake RdSaint HelenMI48656
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play1940 Third Lake Rd, Saint Helen, MI, 48656 in Saint Helen is priced for appreciation, not yield. Rental yield 1.54%. At $1,750,000 with a 1.54% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $483,493 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.28) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $68,158.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.5% | 9.5% |
| Monthly Cash Flow | $(9,300) | $350 |
City averages based on Saint Helen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,240 |
| Total Monthly Debt Service | $10,844 |
| DSCR Ratio | 0.21x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
464.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48656, Saint Helen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,748 (100%) |
| Owner Occupied HU | 1,657 (44.2%) |
| Renter Occupied HU | 312 ( 8.3%) |
| Vacant Housing Units | 1,779 (47.5%) |
| Median Home Value | $123,157 |
| Average Home Value | $172,382 |
Housing Distribution
Address Breakdown
Residential
2,300
Single Family
2,293
Multi-Family
7
Businesses
91
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
Single Family
Built in N/A
464.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48656, Saint Helen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,748 (100%) |
| Owner Occupied HU | 1,657 (44.2%) |
| Renter Occupied HU | 312 ( 8.3%) |
| Vacant Housing Units | 1,779 (47.5%) |
| Median Home Value | $123,157 |
| Average Home Value | $172,382 |
Housing Distribution
Address Breakdown
Residential
2,300
Single Family
2,293
Multi-Family
7
Businesses
91
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices