3019 1st StPort AustinMI48467
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 Port Austin at 3019 1st St, Port Austin, MI, 48467 generates $1,649/mo in rent and, after a $974/mo payment, leaves $337/mo in cash flow. Total monthly income is $1,649/mo, and annual cash flow is $4,040/yr on $65,969 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.94% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 136.22% and total cumulative return in cash sums $89,862. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,649/mo property income rather than buyer’s personal income.
Manufactured
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Rice • Osentoski Realty
Mls Name: RMLS Multi-List
Mls ID: #040-24-0032