218 S Robinson StSchoolcraftMI49087
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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
Rental property for sale in Schoolcraft at 218 S Robinson St, Schoolcraft, MI, 49087 priced at $249,900 converts $2,977/mo rent into $1,329/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,977/mo, and annual cash flow totals $15,950/yr on $82,842 invested. Return on cash invested prints 39.16% in year one, and rental yield reads 14.3% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 206.67% and total cumulative return in cash sums $171,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,977/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1992
10,018 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Austin W Spieth • Michigan Top Producers
Mls Name: MichRIC
Mls ID: #25057086