104 Pine StGreenland TownshipMI49929
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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 Greenland Township at 104 Pine St, Greenland Township, MI, 49929 priced at $115,000 converts $877/mo rent into $119/mo cash flow after a $563/mo obligation. Total monthly income equals $877/mo, and annual cash flow totals $1,422/yr on $38,123 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.15% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 123.42% and total cumulative return in cash sums $47,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $877/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2003
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49929, Greenland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 60 (100%) |
| Owner Occupied HU | 47 (78.3%) |
| Renter Occupied HU | 12 (20.0%) |
| Vacant Housing Units | 1 ( 1.7%) |
| Median Home Value | $86,250 |
| Average Home Value | $121,383 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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Listed by: KEVIN PATANA • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176272
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.