402 Smalley DrMount PleasantMI48858
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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 Mount Pleasant at 402 Smalley Dr, Mount Pleasant, MI, 48858 with 5% annual appreciation on a $195,000 basis while $1,664/mo rent supports operations. Total monthly income totals $1,664/mo and a $954/mo payment preserves $379/mo for cash returns. Annual cash flow comes to $4,542/yr on $64,643 deployed, and return on cash invested reaches 26.94% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 10.24%. Five-year ROI measures 141.08% and total cumulative return in cash totals $91,198.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,664/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: James Parsons • CENTURY 21 SIGNATURE - Mt. Pleasant
Mls Name: NGLRMLS
Mls ID: #1941102