104 Alder LnWhite PineMI49971
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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 White Pine at 104 Alder Ln, White Pine, MI, 49971 listed at $185,000 pairs $1,408/mo rent with a $905/mo payment to leave $189/mo cash flow. Total monthly income runs $1,408/mo, and annual cash flow reaches $2,262/yr on $61,328 cash to close. Return on cash invested measures 23.6% in year one, and rental yield registers 9.13% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 123.18% and total cumulative return in cash totals $75,543. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,408/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: KAREN LAHTI • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50159256
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