311 16th StPort HuronMI48060
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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 Port Huron at 311 16th St, Port Huron, MI, 48060 uses $41,404 cash to close to unlock $5,900/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $611/mo payment keeps the spread at $492/mo. Purchase price stands at $124,900, and rental yield measures 12.63% with $1,315/mo rent. Return on cash invested shows 34.16% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 179.83% and total cumulative return in cash records $74,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1918
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48060, Port Huron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,020 (100%) |
| Owner Occupied HU | 10,025 (55.6%) |
| Renter Occupied HU | 6,840 (38.0%) |
| Vacant Housing Units | 1,155 ( 6.4%) |
| Median Home Value | $174,784 |
| Average Home Value | $227,699 |
Housing Distribution
Address Breakdown
Residential
17,092
Single Family
15,565
Multi-Family
1,527
Businesses
1,358
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Listed by: Renee Keller • Real Estate One Port Huron
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50161140
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