103 Broadway AveWhite PigeonMI49099
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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 White Pigeon at 103 Broadway Ave, White Pigeon, MI, 49099 generates $1,753/mo in rent and, after a $1,101/mo payment, leaves $270/mo in cash flow. Total monthly income is $1,753/mo, and annual cash flow is $3,234/yr on $74,588 invested. Return on cash invested sits at 24.24% in year one, and rental yield is 9.35% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash sums $94,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,753/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49099, White Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,604 (100%) |
| Owner Occupied HU | 1,846 (70.9%) |
| Renter Occupied HU | 409 (15.7%) |
| Vacant Housing Units | 349 (13.4%) |
| Median Home Value | $201,557 |
| Average Home Value | $266,752 |
Housing Distribution
Address Breakdown
Residential
2,369
Single Family
2,346
Multi-Family
23
Businesses
149
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Listed by: Kendra Schwartz Hometown Team • Michigan Top Producers/Vicksburg
Mls Name: MichRIC
Mls ID: #25032494