412 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 412 Parnell Ave, Sault Sainte Marie, MI, 49783 at $185,000 posts ROI 23.99% with $209/mo cash flow from $1,428/mo rent. Total monthly income equals $1,428/mo, and annual cash flow records $2,502/yr on $61,328 to close. Return on cash invested measures 23.99% and rental yield reads 9.26% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 125.29% and total cumulative return in cash totals $76,839.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,428/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
5,250 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
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Nearby investment properties with comparable prices
Listed by: Marnie Rubinstein • Five Water Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-148
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.