810 E Remus RdMount 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 810 E Remus Rd, Mount Pleasant, MI, 48858 priced at $182,100 converts $1,583/mo rent into $382/mo cash flow after a $891/mo obligation. Total monthly income equals $1,583/mo, and annual cash flow totals $4,589/yr on $60,366 invested. Return on cash invested prints 27.51% in year one, and rental yield reads 10.43% against a $182,100 entry. Equity gained on principal adds $1,175/yr, while 5% annual appreciation compiles into $50,311 by year five. Five-year ROI reaches 144.19% and total cumulative return in cash sums $87,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,583/mo property income covering a $891/mo payment, not borrower’s personal income.
Single Family
Built in 1948
1.20 Acres 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: Paul Clarke • Modern Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50184117
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