315 E Saint Marys StDecaturMI49045
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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
Rental property for sale in Decatur at 315 E Saint Marys St, Decatur, MI, 49045 generates $2,015/mo in rent and, after a $563/mo payment, leaves $1,219/mo in cash flow. Total monthly income is $2,015/mo, and annual cash flow is $14,624/yr on $38,123 invested. Return on cash invested sits at 58.27% in year one, and rental yield is 21.03% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 309.57% and total cumulative return in cash sums $118,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,015/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49045, Decatur, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,745 (63.3%) |
| Renter Occupied HU | 441 (16.0%) |
| Vacant Housing Units | 571 (20.7%) |
| Median Home Value | $235,907 |
| Average Home Value | $283,020 |
Housing Distribution
Address Breakdown
Residential
2,138
Single Family
2,013
Multi-Family
125
Businesses
124
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