304 Fayette StAugustaMI49012
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 Augusta at 304 Fayette St, Augusta, MI, 49012 priced at $199,000 converts $1,926/mo rent into $614/mo cash flow after a $974/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $7,364/yr on $65,969 invested. Return on cash invested prints 31.07% in year one, and rental yield reads 11.61% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 163.23% and total cumulative return in cash sums $107,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1952
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49012, Augusta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,412 (100%) |
| Owner Occupied HU | 1,172 (83.0%) |
| Renter Occupied HU | 159 (11.3%) |
| Vacant Housing Units | 81 ( 5.7%) |
| Median Home Value | $350,376 |
| Average Home Value | $446,826 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,478
Multi-Family
23
Businesses
58
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