427 W Portage AveSault Sainte MarieMI49783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 427 W Portage Ave, Sault Sainte Marie, MI, 49783 at $1,200,000 posts ROI 0.02% with from $1,320/mo rent. Total monthly income equals $1,320/mo. Return on cash invested measures 0.02% and rental yield reads 1.32% at the current $1,200,000. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,538 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
1.17 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Melanie Davis • Superior Shores Realty
Mls Name: EUPBR
Mls ID: #25-918