609 S Baker StSaint JohnsMI48879
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 609 S Baker St, Saint Johns, MI, 48879 in Saint Johns speaks for itself: 10.96% gross on a $289,000 price, generating $2,639/mo in rent and $733/mo in net income after the $1,300/mo debt service. DSCR 2.03, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,796 stacks alongside $79,845 in projected five-year appreciation and $2,662/yr in principal reduction. Projected total cumulative return: $157,252.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.5% |
| Monthly Cash Flow | $733 | $350 |
City averages based on Saint Johns market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,639 |
| Total Monthly Debt Service | $1,791 |
| DSCR Ratio | 1.47x |
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 1966
0.30 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
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 1966
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy A Hoppough • KW Rivertown Hoppough
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022968
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.