820-822 E Chippewa 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
Investment property for sale in Mount Pleasant at 820-822 E Chippewa St, Mount Pleasant, MI, 48858 uses $56,322 cash to close to unlock $7,130/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $1,715/mo, and a $832/mo payment keeps the spread at $594/mo. Purchase price stands at $169,900, and rental yield measures 12.11% with $1,715/mo rent. Return on cash invested shows 32.57% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 171.33% and total cumulative return in cash records $96,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,715/mo property income covering a $832/mo payment rather than investor’s personal income.
Multi Family
Built in 1935
8,712 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: Patrick Parks • PARKS REALTY
Mls Name: NGLRMLS
Mls ID: #1941284