590 W Spring StSaint IgnaceMI49781
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ignace at 590 W Spring St, Saint Ignace, MI, 49781 generates $1,567/mo in rent and, after a $1,027/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,567/mo, and annual cash flow is $2,198/yr on $69,582 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 8.96% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 120.37% and total cumulative return in cash sums $83,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,567/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Henry Snider • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls ID: #25-925