501 Devon DrSaint 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
Rental property for sale in Saint Louis at 501 Devon Dr, Saint Louis, MI, 48880 priced at $249,000 pairs $1,499/mo rent with after a $1,219/mo payment. Total monthly income equals $1,499/mo. Return on cash invested is 17.83% in year one, and rental yield stands at 7.22% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 92.21% and total cumulative return in cash reaches $76,112. For financing, Ziffy Mortgage’s DSCR program evaluates $1,499/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
9,583 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: Patricia Zamarron • CENTRAL REAL ESTATE MT PLEASANT, INC.
Mls Name: NGLRMLS
Mls ID: #1941319