104 Alder LnWhite PineMI49971
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 104 Alder Ln, White Pine, MI, 49971 in White Pine is narrow, $188/mo net on $1,408/mo rent after the $832/mo debt service, but the property operates at break-even-plus, not a loss. At $185,000 with a 9.13% yield, the long-run equity case via 5% appreciation ($51,112 over five years) and $1,704/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.69 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $82,589.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.5% |
| Monthly Cash Flow | $188 | $850 |
City averages based on White Pine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,408 |
| Total Monthly Debt Service | $1,146 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1912
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1912
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KAREN LAHTI • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50159256
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.