412 Maple 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
Rental property for sale in Sault Sainte Marie at 412 Maple St, Sault Sainte Marie, MI, 49783 priced at $207,000 converts $1,842/mo rent into $477/mo cash flow after a $1,013/mo obligation. Total monthly income equals $1,842/mo, and annual cash flow totals $5,725/yr on $68,621 invested. Return on cash invested prints 28.25% in year one, and rental yield reads 10.68% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 148.17% and total cumulative return in cash sums $101,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,842/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,840 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
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Listed by: John Anderson, Assoc Broker • Real Estate One Northern Properties
Mls Name: EUPBR
Mls ID: #25-1050