2542 Locust StPort HuronMI48060
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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 Port Huron at 2542 Locust St, Port Huron, MI, 48060 priced at $155,000 converts $1,427/mo rent into $405/mo cash flow after a $759/mo obligation. Total monthly income equals $1,427/mo, and annual cash flow totals $4,854/yr on $51,383 invested. Return on cash invested prints 29.36% in year one, and rental yield reads 11.05% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 154.1% and total cumulative return in cash sums $79,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,427/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1956
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48060, Port Huron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,020 (100%) |
| Owner Occupied HU | 10,025 (55.6%) |
| Renter Occupied HU | 6,840 (38.0%) |
| Vacant Housing Units | 1,155 ( 6.4%) |
| Median Home Value | $174,784 |
| Average Home Value | $227,699 |
Housing Distribution
Address Breakdown
Residential
17,092
Single Family
15,565
Multi-Family
1,527
Businesses
1,358
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Listed by: Krystal Binder • KW Professionals
Mls Name: MichRIC
Mls Provider:
Mls ID: #25018414
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.