2841 Riverside DrSault 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
Rental property for sale in Sault Sainte Marie at 2841 Riverside Dr, Sault Sainte Marie, MI, 49783 priced at $489,500 pairs $2,437/mo rent with after a $2,396/mo payment. Total monthly income equals $2,437/mo. Return on cash invested is 14.06% in year one, and rental yield stands at 5.97% on a $489,500 basis. Equity gained on principal adds $3,159/yr, and 5% annual appreciation accumulates to $135,240 by year five. Five-year ROI measures 72% and total cumulative return in cash reaches $116,831. For financing, Ziffy Mortgage’s DSCR program evaluates $2,437/mo property income against a $2,396/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.41 Acres 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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Nearby investment properties with comparable prices
Listed by: Ryan W Bennett • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-397
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.