303 Michel StHot SpringsMT59845
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 Hot Springs at 303 Michel St, Hot Springs, MT, 59845 priced at $194,000 pairs $1,252/mo rent with $118/mo cash flow after a $950/mo payment. Total monthly income equals $1,252/mo, and annual cash flow comes to $1,412/yr on $64,311 invested. Return on cash invested is 22.11% in year one, and rental yield stands at 7.74% on a $194,000 basis. Equity gained on principal adds $1,252/yr, and 5% annual appreciation accumulates to $53,599 by year five. Five-year ROI measures 114.19% and total cumulative return in cash reaches $73,436. For financing, Ziffy Mortgage’s DSCR program evaluates $1,252/mo property income against a $950/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59845, Hot Springs, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 716 (100%) |
| Owner Occupied HU | 421 (58.8%) |
| Renter Occupied HU | 194 (27.1%) |
| Vacant Housing Units | 101 (14.1%) |
| Median Home Value | $257,447 |
| Average Home Value | $348,209 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
160
Multi-Family
0
Businesses
64
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Listed by: Charlie Scott • HomeSmart Realty Partners
Mls Name: MRMLS
Mls ID: #30056285