3412 E Sanilac RdMayvilleMI48744
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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 Mayville at 3412 E Sanilac Rd, Mayville, MI, 48744 generates $1,900/mo in rent, after a $1,645/mo payment. Total monthly income is $1,900/mo. Return on cash invested sits at 16.5% in year one, and rental yield is 6.78% on a $336,100 entry. Equity gained on principal adds $2,169/yr, while 5% annual appreciation builds toward $92,858 over five years. Five-year ROI reaches 85.1% and total cumulative return in cash sums $94,818. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
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