410 Parnell AveSault Sainte MarieMI49783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 410 Parnell Ave, Sault Sainte Marie, MI, 49783 earns $1,571/mo cash flow from $3,022/mo rent with a $1,077/mo payment. Total monthly income totals $3,022/mo, and annual cash flow totals $18,852/yr on $72,930 capital. ROI tracks 45.76% on current figures, and rental yield reads 16.48% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 241.99% and total cumulative return in cash sums $176,483. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,022/mo property income instead of your personal income.
Single Family
Built in 1950
10,250 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Hampton • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-859
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.