421 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 421 Brown St, Saint Louis, MI, 48880 offers $1,052/mo rent that, after a $683/mo payment, leaves $132/mo cash flow. Total monthly income is $1,052/mo, and annual cash flow is $1,582/yr on $46,244 cash. Return on cash invested measures 23.33% in year one, and rental yield stands at 9.05% at a $139,500 entry. Equity gained on principal adds $900/yr while 5% annual appreciation compounds into $38,541 by year five. Five-year ROI records 121.72% and total cumulative return in cash reaches $56,289. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,052/mo property income versus a $683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,712 sqft 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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Listed by: Bob Fall • CENTURY 21 LEE-MAC REALTY
Mls Name: NGLRMLS
Mls ID: #1941534