58975 Railroad StCalumetMI49913
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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 Calumet at 58975 Railroad St, Calumet, MI, 49913 uses $44,753 cash to close to unlock $1,914/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $1,050/mo, and a $661/mo payment keeps the spread at $160/mo. Purchase price stands at $135,000, and rental yield measures 9.33% with $1,050/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 126.38% and total cumulative return in cash records $56,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,050/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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