6089 Loomis RdSaint 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 6089 Loomis Rd, Saint Johns, MI, 48879 listed at $311,000 pairs $2,495/mo rent with a $1,522/mo payment to leave $444/mo cash flow. Total monthly income runs $2,495/mo, and annual cash flow reaches $5,332/yr on $103,097 cash to close. Return on cash invested measures 25.08% in year one, and rental yield registers 9.63% at a $311,000 basis. Equity gained on principal adds $2,007/yr, and annual property appreciation at 5% supports $85,924 by year five. Five-year ROI tracks 131.13% and total cumulative return in cash totals $135,189. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,495/mo property income relative to a $1,522/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
2.20 Acres 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: Tracie Minnard • Property Finders Realty
Mls Name: Greater Lansing AOR
Mls ID: #292396