3188 Fanone DrPort HuronMI48060
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
Investment property for sale in Port Huron at 3188 Fanone Dr, Port Huron, MI, 48060 offers a 11.35% rental yield on a $379,900 purchase with $3,594/mo rent. Total monthly income registers $3,594/mo, and a $1,859/mo payment leaves $1,089/mo available for distribution. Annual cash flow reaches $13,070/yr on $125,937 to close, and return on cash invested stands at 30.29% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 159.06% and total cumulative return in cash at $200,309. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,594/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Davis • Berkshire Hathaway HomeServices Kee Realty Ft Gra
Mls Name: Realcomp II
Mls ID: #20251059482