210 Lake StSaint IgnaceMI49781
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 Saint Ignace at 210 Lake St, Saint Ignace, MI, 49781 offers a 11.54% rental yield on a $189,000 purchase with $1,818/mo rent. Total monthly income registers $1,818/mo, and a $925/mo payment leaves $572/mo available for distribution. Annual cash flow reaches $6,860/yr on $62,654 to close, and return on cash invested stands at 30.86% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 162.11% and total cumulative return in cash at $101,566. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,818/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LINDA SAYLES • Sayles Real Estate
Mls Name: EUPBR
Mls ID: #25-966