606 E State StSaint JohnsMI48879
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 606 E State St, Saint Johns, MI, 48879 in Saint Johns. At $142,000 it earns $1,464/mo in rent and distributes $488/mo to the owner after the $639/mo payment, a consistent 11.87% yield. DSCR 2.29 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $39,232 in value; $1,308/yr in principal paydown compounds ownership stake. Total projected return: $88,029.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.5% |
| Monthly Cash Flow | $488 | $350 |
City averages based on Saint Johns market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,464 |
| Total Monthly Debt Service | $880 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
9,147 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
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
Single Family
Built in 1900
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Stafford • Howard Hanna Real Estate Executives
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290405
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 2025 Greater Lansing Association of REALTORS