426 College PlSaint LouisMI48880
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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
Investment property for sale in Saint Louis at 426 College Pl, Saint Louis, MI, 48880 uses $92,820 cash to close to unlock $2,532/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $1,370/mo payment keeps the spread at $211/mo. Purchase price stands at $280,000, and rental yield measures 8.82% with $2,057/mo rent. Return on cash invested shows 22.64% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 117.99% and total cumulative return in cash records $109,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1971
1.25 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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Listed by: Melissa Allen • CENTURY 21 LEE-MAC REALTY
Mls Name: NGLRMLS
Mls ID: #1936989