6865 Saint Marys StBrown CityMI48416
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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 Brown City at 6865 Saint Marys St, Brown City, MI, 48416 uses $62,289 cash to close to unlock $10,195/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $2,089/mo, and a $920/mo payment keeps the spread at $850/mo. Purchase price stands at $187,900, and rental yield measures 13.34% with $2,089/mo rent. Return on cash invested shows 36.28% in year one, and 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 191.17% and total cumulative return in cash records $119,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,089/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1901
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48416, Brown City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,039 (100%) |
| Owner Occupied HU | 1,571 (77.0%) |
| Renter Occupied HU | 362 (17.8%) |
| Vacant Housing Units | 106 ( 5.2%) |
| Median Home Value | $232,949 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,800
Multi-Family
39
Businesses
99
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Listed by: Kim Hart • Hart Realty
Mls Name: Realcomp II
Mls ID: #20251051248