708 S Fancher 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 708 S Fancher St, Mount Pleasant, MI, 48858 priced at $229,999 pairs $1,774/mo rent with $257/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,774/mo, and annual cash flow comes to $3,084/yr on $76,245 invested. Return on cash invested is 23.95% in year one, and rental yield stands at 9.26% on a $229,999 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,544 by year five. Five-year ROI measures 125.05% and total cumulative return in cash reaches $95,346. For financing, Ziffy Mortgage’s DSCR program evaluates $1,774/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
8,712 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: #1935020