308 W Hosmer StSaint CharlesMI48655
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 Charles at 308 W Hosmer St, Saint Charles, MI, 48655 priced at $285,000 pairs $2,126/mo rent with $247/mo cash flow after a $1,395/mo payment. Total monthly income equals $2,126/mo, and annual cash flow comes to $2,958/yr on $94,478 invested. Return on cash invested is 23.04% in year one, and rental yield stands at 8.95% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 120.18% and total cumulative return in cash reaches $113,538. For financing, Ziffy Mortgage’s DSCR program evaluates $2,126/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48655, Saint Charles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,516 (100%) |
| Owner Occupied HU | 2,056 (81.7%) |
| Renter Occupied HU | 314 (12.5%) |
| Vacant Housing Units | 146 ( 5.8%) |
| Median Home Value | $204,050 |
| Average Home Value | $235,154 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
114
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Listed by: Denise M Ebenhoeh • REMAX Tri County
Mls Name: MiRealSource
Mls ID: #50180829