291 S Lake StPort sanilacMI48469
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
Investment property for sale in Port sanilac at 291 S Lake St, Port sanilac, MI, 48469 listed at $599,900 pairs $1,519/mo rent with a $2,936/mo payment. Total monthly income runs $1,519/mo. Return on cash invested measures 5.24% in year one, and rental yield registers 3.04% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 24.72% and total cumulative return in cash totals $48,784. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,519/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48469, Port Sanilac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,063 (100%) |
| Owner Occupied HU | 561 (52.8%) |
| Renter Occupied HU | 99 ( 9.3%) |
| Vacant Housing Units | 403 (37.9%) |
| Median Home Value | $259,940 |
| Average Home Value | $336,689 |
Housing Distribution
Address Breakdown
Residential
657
Single Family
633
Multi-Family
24
Businesses
70
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Nearby investment properties with comparable prices
Listed by: Michael Rickerman • Epique Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170854
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