700 Fairway DrSaint LouisMI48880
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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 Saint Louis at 700 Fairway Dr, Saint Louis, MI, 48880 priced at $165,000 converts $1,244/mo rent into $156/mo cash flow after a $808/mo obligation. Total monthly income equals $1,244/mo, and annual cash flow totals $1,866/yr on $54,698 invested. Return on cash invested prints 23.32% in year one, and rental yield reads 9.05% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 121.74% and total cumulative return in cash sums $66,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,244/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48880, Saint Louis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 2,138 (70.3%) |
| Renter Occupied HU | 655 (21.5%) |
| Vacant Housing Units | 249 ( 8.2%) |
| Median Home Value | $155,172 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
2,909
Single Family
2,809
Multi-Family
100
Businesses
192
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Listed by: Steven Koleno • Beycome Brokerage Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24042381
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.