602 Olive RdSaint LouisMI48880
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 Louis at 602 Olive Rd, Saint Louis, MI, 48880 offers $1,757/mo rent that, after a $816/mo payment, leaves $657/mo cash flow. Total monthly income is $1,757/mo, and annual cash flow is $7,889/yr on $55,294 cash. Return on cash invested measures 34.18% in year one, and rental yield stands at 12.64% at a $166,800 entry. Equity gained on principal adds $1,076/yr while 5% annual appreciation compounds into $46,084 by year five. Five-year ROI records 179.91% and total cumulative return in cash reaches $99,480. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,757/mo property income versus a $816/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.77 Acres 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A