8662 N 42nd StAugustaMI49012
Nearby investment properties with comparable rents
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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 Augusta at 8662 N 42nd St, Augusta, MI, 49012 earns $246/mo cash flow from $1,340/mo rent with a $812/mo payment. Total monthly income totals $1,340/mo, and annual cash flow totals $2,950/yr on $55,029 capital. ROI tracks 25.27% on current figures, and rental yield reads 9.69% at a $166,000 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,863 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash sums $72,709. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,340/mo property income instead of your personal income.
Single Family
Built in 1950
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49012, Augusta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,412 (100%) |
| Owner Occupied HU | 1,172 (83.0%) |
| Renter Occupied HU | 159 (11.3%) |
| Vacant Housing Units | 81 ( 5.7%) |
| Median Home Value | $350,376 |
| Average Home Value | $446,826 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,478
Multi-Family
23
Businesses
58
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