403 Pine StSault 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 403 Pine St, Sault Sainte Marie, MI, 49783 offers a 10.65% rental yield on a $225,000 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $1,101/mo payment leaves $514/mo available for distribution. Annual cash flow reaches $6,162/yr on $74,588 to close, and return on cash invested stands at 28.17% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 147.7% and total cumulative return in cash at $110,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
N/A 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: Cheryl A Schlehuber • Mackinac Properties, Inc
Mls Name: WWMLS
Mls ID: #201836290