811 Augusta StSault Sainte MarieMI49783
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
Rental property for sale in Sault Sainte Marie at 811 Augusta St, Sault Sainte Marie, MI, 49783 offers $1,901/mo rent that, after a $734/mo payment, leaves $912/mo cash flow. Total monthly income is $1,901/mo, and annual cash flow is $10,946/yr on $49,692 cash. Return on cash invested measures 41.94% in year one, and rental yield stands at 15.22% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 221.59% and total cumulative return in cash reaches $110,111. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,901/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,120 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: BARBARA HAMPTON • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-445
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.