381 Blalock RowSault 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
Rental property for sale in Sault Sainte Marie at 381 Blalock Row, Sault Sainte Marie, MI, 49783 priced at $275,000 pairs $1,842/mo rent with $29/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $342/yr on $91,163 invested. Return on cash invested is 20.28% in year one, and rental yield stands at 8.04% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 105.4% and total cumulative return in cash reaches $96,083. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2000
1.55 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: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-240
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.