105 E Hotchin AveWhite PigeonMI49099
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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
Investment Highlights
Rental property for sale in White Pigeon at 105 E Hotchin Ave, White Pigeon, MI, 49099 priced at $229,900 converts $2,101/mo rent into $585/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,101/mo, and annual cash flow totals $7,022/yr on $76,212 invested. Return on cash invested prints 29.12% in year one, and rental yield reads 10.97% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 152.84% and total cumulative return in cash sums $116,483. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,101/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1870
0.51 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: Laura Alva • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25011062
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.