38 S Ridge StPt SanilacMI48469
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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 Pt Sanilac at 38 S Ridge St, Pt Sanilac, MI, 48469 priced at $329,500 converts $1,243/mo rent into after a $1,613/mo obligation. Total monthly income equals $1,243/mo. Return on cash invested prints 9.69% in year one, and rental yield reads 4.53% against a $329,500 entry. Equity gained on principal adds $2,126/yr, while 5% annual appreciation compiles into $91,035 by year five. Five-year ROI reaches 48.58% and total cumulative return in cash sums $53,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,243/mo property income covering a $1,613/mo payment, not borrower’s personal income.
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
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Listed by: Troy Piper • Realty Executives Home Towne Port Huron
Mls Name: MiRealSource
Mls ID: #50178177