223 W Hosmer StSaint CharlesMI48655
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
Rental property for sale in Saint Charles at 223 W Hosmer St, Saint Charles, MI, 48655 priced at $164,500 converts $1,641/mo rent into $556/mo cash flow after a $805/mo obligation. Total monthly income equals $1,641/mo, and annual cash flow totals $6,676/yr on $54,532 invested. Return on cash invested prints 32.15% in year one, and rental yield reads 11.97% against a $164,500 entry. Equity gained on principal adds $1,061/yr, while 5% annual appreciation compiles into $45,448 by year five. Five-year ROI reaches 169.07% and total cumulative return in cash sums $92,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,641/mo property income covering a $805/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48655, Saint Charles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,516 (100%) |
| Owner Occupied HU | 2,056 (81.7%) |
| Renter Occupied HU | 314 (12.5%) |
| Vacant Housing Units | 146 ( 5.8%) |
| Median Home Value | $204,050 |
| Average Home Value | $235,154 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
114
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Listed by: Ann Arthur • RE/MAX of Midland
Mls Name: MiRealSource
Mls ID: #50197129