413 Brown StSaint LouisMI48880
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
Rental property for sale in Saint Louis at 413 Brown St, Saint Louis, MI, 48880 priced at $145,000 pairs $1,908/mo rent with $952/mo cash flow after a $710/mo payment. Total monthly income equals $1,908/mo, and annual cash flow comes to $11,418/yr on $48,068 invested. Return on cash invested is 43.66% in year one, and rental yield stands at 15.79% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 230.79% and total cumulative return in cash reaches $110,936. For financing, Ziffy Mortgage’s DSCR program evaluates $1,908/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48880, Saint Louis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 2,138 (70.3%) |
| Renter Occupied HU | 655 (21.5%) |
| Vacant Housing Units | 249 ( 8.2%) |
| Median Home Value | $155,172 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
2,909
Single Family
2,809
Multi-Family
100
Businesses
192
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Nearby investment properties with comparable prices
Listed by: Richard Adgate • Eagle Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24044590
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.