403 W Saint Marys StDecaturMI49045
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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 Decatur at 403 W Saint Marys St, Decatur, MI, 49045 priced at $119,000 converts $905/mo rent into $121/mo cash flow after a $582/mo obligation. Total monthly income equals $905/mo, and annual cash flow totals $1,448/yr on $39,449 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 9.13% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 123.09% and total cumulative return in cash sums $48,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $905/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49045, Decatur, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,745 (63.3%) |
| Renter Occupied HU | 441 (16.0%) |
| Vacant Housing Units | 571 (20.7%) |
| Median Home Value | $235,907 |
| Average Home Value | $283,020 |
Housing Distribution
Address Breakdown
Residential
2,138
Single Family
2,013
Multi-Family
125
Businesses
124
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