38 S Ridge StPt SanilacMI48469
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 38 S Ridge St, Pt Sanilac, MI, 48469 in Pt Sanilac the bet is firmly on appreciation. Rental yield 4.53%. The 4.53% gross yield on a $329,500 price is below income-first thresholds, but 5%/yr value growth projects $91,035 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.84) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $65,671.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 8.0% |
| Monthly Cash Flow | $(930) | $500 |
City averages based on Pt Sanilac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,243 |
| Total Monthly Debt Service | $2,042 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1919
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48469, Port Sanilac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,063 (100%) |
| Owner Occupied HU | 561 (52.8%) |
| Renter Occupied HU | 99 ( 9.3%) |
| Vacant Housing Units | 403 (37.9%) |
| Median Home Value | $259,940 |
| Average Home Value | $336,689 |
Housing Distribution
Address Breakdown
Residential
657
Single Family
633
Multi-Family
24
Businesses
70
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
Multi Family
Built in 1919
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48469, Port Sanilac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,063 (100%) |
| Owner Occupied HU | 561 (52.8%) |
| Renter Occupied HU | 99 ( 9.3%) |
| Vacant Housing Units | 403 (37.9%) |
| Median Home Value | $259,940 |
| Average Home Value | $336,689 |
Housing Distribution
Address Breakdown
Residential
657
Single Family
633
Multi-Family
24
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Troy Piper • Realty Executives Home Towne Port Huron
Mls Name: MiRealSource
Mls ID: #50178177