628 S Oak StMount PleasantMI48858
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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
Rental property for sale in Mount Pleasant at 628 S Oak St, Mount Pleasant, MI, 48858 offers $1,073/mo rent that, after a $685/mo payment, leaves $150/mo cash flow. Total monthly income is $1,073/mo, and annual cash flow is $1,800/yr on $46,410 cash. Return on cash invested measures 23.79% in year one, and rental yield stands at 9.2% at a $139,999 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 124.16% and total cumulative return in cash reaches $57,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,073/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1893
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Shelley Dixon • FIRST CHOICE REALTY
Mls Name: NGLRMLS
Mls ID: #1913810