721 E Spruce StSault Sainte MarieMI49783
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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 Sault Sainte Marie at 721 E Spruce St, Sault Sainte Marie, MI, 49783 uses $53,007 cash to close to unlock $2,498/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,263/mo, and a $783/mo payment keeps the spread at $208/mo. Purchase price stands at $159,900, and rental yield measures 9.48% with $1,263/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 128.71% and total cumulative return in cash records $68,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,263/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,579 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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Listed by: MARY JO WESTON • Smith & Company Real Estate
Mls Name: EUPBR
Mls ID: #25-781