323 N Bankson StSaint LouisMI48880
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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 Saint Louis at 323 N Bankson St, Saint Louis, MI, 48880 offers a 9.37% rental yield on a $164,900 purchase with $1,288/mo rent. Total monthly income registers $1,288/mo, and a $807/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,408/yr on $54,664 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 127.02% and total cumulative return in cash at $69,436. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,288/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48880, Saint Louis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 2,138 (70.3%) |
| Renter Occupied HU | 655 (21.5%) |
| Vacant Housing Units | 249 ( 8.2%) |
| Median Home Value | $155,172 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
2,909
Single Family
2,809
Multi-Family
100
Businesses
192
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Listed by: Trevor Wisniewski • Real Estate One Gaylord
Mls Name: Realcomp II
Mls ID: #20251057049