9959 Riverside DrSaint LouisMI48880
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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 Louis at 9959 Riverside Dr, Saint Louis, MI, 48880 generates $4,087/mo in rent and, after a $2,442/mo payment, leaves $797/mo in cash flow. Total monthly income is $4,087/mo, and annual cash flow is $9,560/yr on $165,419 invested. Return on cash invested sits at 25.69% in year one, and rental yield is 9.83% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 134.36% and total cumulative return in cash sums $222,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,087/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48880, Saint Louis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,042 (100%) |
| Owner Occupied HU | 2,138 (70.3%) |
| Renter Occupied HU | 655 (21.5%) |
| Vacant Housing Units | 249 ( 8.2%) |
| Median Home Value | $155,172 |
| Average Home Value | $183,709 |
Housing Distribution
Address Breakdown
Residential
2,909
Single Family
2,809
Multi-Family
100
Businesses
192
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Listed by: Jayson Sumerix • CENTURY 21 LEE-MAC REALTY
Mls Name: NGLRMLS
Mls ID: #1935860