811 N State StSaint IgnaceMI49781
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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 Saint Ignace at 811 N State St, Saint Ignace, MI, 49781 uses $50,620 cash to close to unlock $17,237/yr annual cash flow and $1,436/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $747/mo payment keeps the spread at $1,436/mo. Purchase price stands at $152,700, and rental yield measures 19.2% with $2,443/mo rent. Return on cash invested shows 53.96% in year one, and 5% annual appreciation builds toward $42,188 over five years. Five-year ROI reaches 286.04% and total cumulative return in cash records $144,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $747/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
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Listed by: N/A • N/A
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Mls ID: #N/A