604 Giles StSaint JohnsMI48879
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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 Saint Johns at 604 Giles St, Saint Johns, MI, 48879 uses $71,239 cash to close to unlock $25,160/yr annual cash flow and $2,097/mo monthly cash flow. Total monthly income runs $3,514/mo, and a $1,052/mo payment keeps the spread at $2,097/mo. Purchase price stands at $214,900, and rental yield measures 19.62% with $3,514/mo rent. Return on cash invested shows 55.23% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 292.77% and total cumulative return in cash records $208,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,514/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1975
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48879, Saint Johns, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,734 (100%) |
| Owner Occupied HU | 5,988 (77.4%) |
| Renter Occupied HU | 1,368 (17.7%) |
| Vacant Housing Units | 378 ( 4.9%) |
| Median Home Value | $246,160 |
| Average Home Value | $285,008 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,031
Multi-Family
405
Businesses
521
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Listed by: Matthew Thelen • RE/MAX Finest
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283548
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