606 E Railroad StSaint JohnsMI48879
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
Investment property for sale in Saint Johns at 606 E Railroad St, Saint Johns, MI, 48879 at $235,000 posts ROI 26.52% with $430/mo cash flow from $1,979/mo rent. Total monthly income equals $1,979/mo, and annual cash flow records $5,154/yr on $77,903 to close. Return on cash invested measures 26.52% and rental yield reads 10.11% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 138.87% and total cumulative return in cash totals $108,184.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,979/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
9,583 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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Nearby investment properties with comparable prices
Listed by: Kiley A Trefil • Impact Real Estate
Mls Name: Greater Lansing AOR
Mls ID: #291837