2856 2nd StLa SalleMI48145
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 La Salle at 2856 2nd St, La Salle, MI, 48145 generates $993/mo in rent and, after a $636/mo payment, leaves $136/mo in cash flow. Total monthly income is $993/mo, and annual cash flow is $1,634/yr on $43,062 invested. Return on cash invested sits at 23.7% in year one, and rental yield is 9.17% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 123.83% and total cumulative return in cash sums $53,323. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $993/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48145, La Salle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,521 (100%) |
| Owner Occupied HU | 1,313 (86.3%) |
| Renter Occupied HU | 118 ( 7.8%) |
| Vacant Housing Units | 90 ( 5.9%) |
| Median Home Value | $302,712 |
| Average Home Value | $314,006 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,403
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices