306 N Elk StSanduskyMI48471
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 Sandusky at 306 N Elk St, Sandusky, MI, 48471 uses $61,294 cash to close to unlock $200/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $1,236/mo, and a $905/mo payment keeps the spread at $17/mo. Purchase price stands at $184,900, and rental yield measures 8.02% with $1,236/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 105.12% and total cumulative return in cash records $64,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,236/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1904
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48471, Sandusky, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,719 (65.2%) |
| Renter Occupied HU | 702 (26.6%) |
| Vacant Housing Units | 215 ( 8.2%) |
| Median Home Value | $162,345 |
| Average Home Value | $217,945 |
Housing Distribution
Address Breakdown
Residential
2,459
Single Family
2,118
Multi-Family
341
Businesses
286
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices