960 Lee StAlgonacMI48001
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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 Algonac at 960 Lee St, Algonac, MI, 48001 earns $264/mo cash flow from $1,418/mo rent with a $857/mo payment. Total monthly income totals $1,418/mo, and annual cash flow totals $3,162/yr on $58,013 capital. ROI tracks 25.36% on current figures, and rental yield reads 9.72% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 132.65% and total cumulative return in cash sums $76,951. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,418/mo property income instead of your personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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Listed by: Steven Piskorowski • Fortuna Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50177135
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