824 E Bennett AveMount 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 824 E Bennett Ave, Mount Pleasant, MI, 48858 with 5% annual appreciation on a $192,000 basis while $1,748/mo rent supports operations. Total monthly income totals $1,748/mo and a $940/mo payment preserves $449/mo for cash returns. Annual cash flow comes to $5,391/yr on $63,648 deployed, and return on cash invested reaches 28.38% in year one. Equity gained on principal adds $1,239/yr, and five-year appreciation sums $53,046 alongside rental yield of 10.93%. Five-year ROI measures 149.08% and total cumulative return in cash totals $94,888.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,748/mo property income versus a $940/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1901
9,147 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: Patricia Zamarron • CENTRAL REAL ESTATE MT PLEASANT, INC.
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924631
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.