7585 S Steel RdSaint CharlesMI48655
Nearby investment properties with comparable rents
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
Investment property for sale in Saint Charles at 7585 S Steel Rd, Saint Charles, MI, 48655 with 5% annual appreciation on a $199,900 basis while $1,518/mo rent supports operations. Total monthly income totals $1,518/mo and a $978/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,402/yr on $66,267 deployed, and return on cash invested reaches 23.53% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 9.11%. Five-year ROI measures 122.87% and total cumulative return in cash totals $81,421.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,518/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
2.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48655, Saint Charles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,516 (100%) |
| Owner Occupied HU | 2,056 (81.7%) |
| Renter Occupied HU | 314 (12.5%) |
| Vacant Housing Units | 146 ( 5.8%) |
| Median Home Value | $204,050 |
| Average Home Value | $235,154 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
114
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Listed by: Sue Wolinski • Real Estate One Great Lakes Bay
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50158131
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