318 S 3rd StCarson CityMI48811
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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 Carson City at 318 S 3rd St, Carson City, MI, 48811 generates $2,131/mo in rent and, after a $1,150/mo payment, leaves $582/mo in cash flow. Total monthly income is $2,131/mo, and annual cash flow is $6,978/yr on $77,903 invested. Return on cash invested sits at 28.87% in year one, and rental yield is 10.88% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 151.44% and total cumulative return in cash sums $117,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,131/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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Listed by: Laura Compton • LHC REALTY, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934386
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.