265 Abe StSaint IgnaceMI49781
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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
Investment property for sale in Saint Ignace at 265 Abe St, Saint Ignace, MI, 49781 listed at $120,000 pairs $922/mo rent with a $587/mo payment to leave $131/mo cash flow. Total monthly income runs $922/mo, and annual cash flow reaches $1,572/yr on $39,780 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 9.22% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 124.54% and total cumulative return in cash totals $49,543. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $922/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1897
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
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Listed by: Geno D'Angelo • Real Broker LLC - Petoskey
Mls Name: WWMLS
Mls ID: #201838451