308 N Swegles StSaint JohnsMI48879
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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 Saint Johns at 308 N Swegles St, Saint Johns, MI, 48879 uses $98,124 cash to close to unlock $2,254/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,449/mo payment keeps the spread at $188/mo. Purchase price stands at $296,000, and rental yield measures 8.68% with $2,140/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $81,779 over five years. Five-year ROI reaches 115.69% and total cumulative return in cash records $113,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,449/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.27 Acres 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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Listed by: Laura Mullaney • RE/MAX Finest
Mls Name: Greater Lansing AOR
Mls ID: #293108