3490 S Oakwood DrSault Sainte MarieMI49783
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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
Investment property for sale in Sault Sainte Marie at 3490 S Oakwood Dr, Sault Sainte Marie, MI, 49783 with 5% annual appreciation on a $277,400 basis while $2,185/mo rent supports operations. Total monthly income totals $2,185/mo and a $1,358/mo payment preserves $355/mo for cash returns. Annual cash flow comes to $4,265/yr on $91,958 deployed, and return on cash invested reaches 24.55% in year one. Equity gained on principal adds $1,790/yr, and five-year appreciation sums $76,641 alongside rental yield of 9.45%. Five-year ROI measures 128.27% and total cumulative return in cash totals $117,956.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,185/mo property income versus a $1,358/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1914
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
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Listed by: Anna Piche • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-168
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.