828 Wall StPort HuronMI48060
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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 Port Huron at 828 Wall St, Port Huron, MI, 48060 uses $62,322 cash to close to unlock $9,707/yr annual cash flow and $809/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $920/mo payment keeps the spread at $809/mo. Purchase price stands at $188,000, and rental yield measures 13.13% with $2,057/mo rent. Return on cash invested shows 35.48% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 186.96% and total cumulative return in cash records $116,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1918
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48060, Port Huron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,020 (100%) |
| Owner Occupied HU | 10,025 (55.6%) |
| Renter Occupied HU | 6,840 (38.0%) |
| Vacant Housing Units | 1,155 ( 6.4%) |
| Median Home Value | $174,784 |
| Average Home Value | $227,699 |
Housing Distribution
Address Breakdown
Residential
17,092
Single Family
15,565
Multi-Family
1,527
Businesses
1,358
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Listed by: Stewart Beal • Beal Properties LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24029506
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.