327 E Spring StPort AustinMI48467
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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 Port Austin at 327 E Spring St, Port Austin, MI, 48467 priced at $239,000 pairs $1,050/mo rent with after a $1,170/mo payment. Total monthly income equals $1,050/mo. Return on cash invested is 11.94% in year one, and rental yield stands at 5.27% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 60.65% and total cumulative return in cash reaches $48,048. For financing, Ziffy Mortgage’s DSCR program evaluates $1,050/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: Casey A Bruce • Osentoski Realty
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #040-25-0025