814 E Illinois StMount 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 814 E Illinois St, Mount Pleasant, MI, 48858 generates $908/mo in rent and, after a $587/mo payment, leaves $117/mo in cash flow. Total monthly income is $908/mo, and annual cash flow is $1,406/yr on $39,747 invested. Return on cash invested sits at 23.45% in year one, and rental yield is 9.09% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash sums $48,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $908/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
6,534 sqft 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: Carol Farnan • FIRST CHOICE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934196
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.