285 Chambers StSaint IgnaceMI49781
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 Ignace at 285 Chambers St, Saint Ignace, MI, 49781 priced at $259,000 pairs $2,160/mo rent with $452/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $5,420/yr on $85,859 invested. Return on cash invested is 26.22% in year one, and rental yield stands at 10.01% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 137.25% and total cumulative return in cash reaches $117,844. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Lipnitz • Horizon Realty
Mls Name: EUPBR
Mls ID: #25-1091