812 W Cass StSaint JohnsMI48879
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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 Johns at 812 W Cass St, Saint Johns, MI, 48879 offers a 5.8% rental yield on a $247,000 purchase with $1,193/mo rent. 52% in year one. Equity gained on principal adds $1,594/yr while 5% annual appreciation supports $68,242 over five years. Portfolio math shows five-year ROI at 69.18% and total cumulative return in cash at $56,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,193/mo property income against a $1,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48879, Saint Johns, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,734 (100%) |
| Owner Occupied HU | 5,988 (77.4%) |
| Renter Occupied HU | 1,368 (17.7%) |
| Vacant Housing Units | 378 ( 4.9%) |
| Median Home Value | $246,160 |
| Average Home Value | $285,008 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,031
Multi-Family
405
Businesses
521
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Listed by: Joe Mullaney • RE/MAX Finest
Mls Name: Greater Lansing AOR
Mls ID: #292207