2240 W 4th AveSault Sainte MarieMI49783
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 Sault Sainte Marie at 2240 W 4th Ave, Sault Sainte Marie, MI, 49783 earns $148/mo cash flow from $1,137/mo rent with a $734/mo payment. Total monthly income totals $1,137/mo, and annual cash flow totals $1,778/yr on $49,692 capital. ROI tracks 23.49% on current figures, and rental yield reads 9.1% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 122.67% and total cumulative return in cash sums $60,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,137/mo property income instead of your personal income.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
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Listed by: Daniel Robert Napoletano • CENTURY 21 Advantage Plus
Mls Name: EUPBR
Mls ID: #25-1126