801 Prospect AveSault 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 801 Prospect Ave, Sault Sainte Marie, MI, 49783 uses $161,905 cash to close to unlock $14,193/yr annual cash flow and $1,183/mo monthly cash flow. Total monthly income runs $4,403/mo, and a $2,390/mo payment keeps the spread at $1,183/mo. Purchase price stands at $488,400, and rental yield measures 10.82% with $4,403/mo rent. Return on cash invested shows 28.68% in year one, and 5% annual appreciation builds toward $134,936 over five years. Five-year ROI reaches 150.39% and total cumulative return in cash records $243,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,403/mo property income covering a $2,390/mo payment rather than investor’s personal income.
Single Family
Built in 1906
0.67 Acres 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: N/A • N/A
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Mls ID: #N/A