3116 3rd St, La Salle, MI, 48145 | 6.92% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,904/mo, and a $1,615/mo payment. Purchase price stands at $330,000, and rental yield measures 6.92% with $1,904/mo rent. Return on cash invested shows 16.93% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 87.37% and total cumulative return in cash records $95,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,615/mo payment rather than investor’s personal income.

Single Family

Built in 1986

1.81 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48145, La Salle, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,521 (100%)
Owner Occupied HU	1,313 (86.3%)
Renter Occupied HU	118 ( 7.8%)
Vacant Housing Units	90 ( 5.9%)
Median Home Value	$302,712
Average Home Value	$314,006