5362 Fred J Baker LnNorth StreetMI48049
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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 North Street at 5362 Fred J Baker Ln, North Street, MI, 48049 generates $2,987/mo in rent and, after a $2,202/mo payment, leaves $20/mo in cash flow. Total monthly income is $2,987/mo, and annual cash flow is $242/yr on $149,142 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 7.97% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 104.28% and total cumulative return in cash sums $155,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,987/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48049, North Street, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,178 (100%) |
| Owner Occupied HU | 1,956 (89.8%) |
| Renter Occupied HU | 155 ( 7.1%) |
| Vacant Housing Units | 67 ( 3.1%) |
| Median Home Value | $267,787 |
| Average Home Value | $279,720 |
Housing Distribution
Address Breakdown
Residential
2,150
Single Family
2,150
Multi-Family
0
Businesses
40
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Listed by: James Sheldon • Coldwell Banker Professionals Port Huron
Mls Name: MiRealSource
Mls ID: #50181826