5750 S Meridian RdMount PleasantMI48858
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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 Mount Pleasant at 5750 S Meridian Rd, Mount Pleasant, MI, 48858 priced at $949,995 converts $2,345/mo rent into after a $4,650/mo obligation. Total monthly income equals $2,345/mo. Return on cash invested prints 5.01% in year one, and rental yield reads 2.96% against a $949,995 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,466 by year five. Five-year ROI reaches 23.46% and total cumulative return in cash sums $73,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,345/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 2019
94.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Nicole Ann Reimer • EXIT Realty Home Partners
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #280878
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS