215 N Main StSaint LouisMI48880
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 Louis at 215 N Main St, Saint Louis, MI, 48880 with 5% annual appreciation on a $215,000 basis while $2,586/mo rent supports operations. Total monthly income totals $2,586/mo and a $1,052/mo payment preserves $1,169/mo for cash returns. Annual cash flow comes to $14,022/yr on $71,273 deployed, and return on cash invested reaches 39.58% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 14.43%. Five-year ROI measures 208.9% and total cumulative return in cash totals $148,885.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,586/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48880, Saint Louis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 2,138 (70.3%) |
| Renter Occupied HU | 655 (21.5%) |
| Vacant Housing Units | 249 ( 8.2%) |
| Median Home Value | $155,172 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
2,909
Single Family
2,809
Multi-Family
100
Businesses
192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Mullaney • RE/MAX Finest
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284174
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS