306 W Gibbs StSaint JohnsMI48879
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 Saint Johns at 306 W Gibbs St, Saint Johns, MI, 48879 priced at $162,500 converts $1,552/mo rent into $481/mo cash flow after a $795/mo obligation. Total monthly income equals $1,552/mo, and annual cash flow totals $5,769/yr on $53,869 invested. Return on cash invested prints 30.62% in year one, and rental yield reads 11.46% against a $162,500 entry. Equity gained on principal adds $1,049/yr, while 5% annual appreciation compiles into $44,896 by year five. Five-year ROI reaches 160.83% and total cumulative return in cash sums $86,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,552/mo property income covering a $795/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48879, Saint Johns, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,734 (100%) |
| Owner Occupied HU | 5,988 (77.4%) |
| Renter Occupied HU | 1,368 (17.7%) |
| Vacant Housing Units | 378 ( 4.9%) |
| Median Home Value | $246,160 |
| Average Home Value | $285,008 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,031
Multi-Family
405
Businesses
521
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Nearby investment properties with comparable prices
Listed by: Anne Rademacher • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286183
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS