8300 S Wacousta RdSaint 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
Rental property for sale in Saint Johns at 8300 S Wacousta Rd, Saint Johns, MI, 48879 priced at $366,000 pairs $2,660/mo rent with $247/mo cash flow after a $1,791/mo payment. Total monthly income equals $2,660/mo, and annual cash flow comes to $2,962/yr on $121,329 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 8.72% on a $366,000 basis. Equity gained on principal adds $2,362/yr, and 5% annual appreciation accumulates to $101,119 by year five. Five-year ROI measures 116.45% and total cumulative return in cash reaches $141,285. For financing, Ziffy Mortgage’s DSCR program evaluates $2,660/mo property income against a $1,791/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
2.53 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: Kimberly Lundberg • Keller Williams Realty Lansing
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #288113
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS