709 Eureka StSault Sainte MarieMI49783
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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
Investment Highlights
Rental property for sale in Sault Sainte Marie at 709 Eureka St, Sault Sainte Marie, MI, 49783 priced at $169,000 converts $1,862/mo rent into $748/mo cash flow after a $827/mo obligation. Total monthly income equals $1,862/mo, and annual cash flow totals $8,972/yr on $56,024 invested. Return on cash invested prints 35.92% in year one, and rental yield reads 13.22% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 189.28% and total cumulative return in cash sums $106,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,862/mo property income covering a $827/mo payment, not borrower’s personal income.
Single Family
Built in 1930
3,861 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49783, Sault Sainte Marie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,064 (100%) |
| Owner Occupied HU | 5,407 (59.7%) |
| Renter Occupied HU | 2,442 (26.9%) |
| Vacant Housing Units | 1,215 (13.4%) |
| Median Home Value | $160,218 |
| Average Home Value | $183,626 |
Housing Distribution
Address Breakdown
Residential
8,365
Single Family
7,421
Multi-Family
944
Businesses
807
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Nearby investment properties with comparable prices
Listed by: Michael Gillhooley • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-1023
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.