105 Pennsylvania AveOntonagonMI49953
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 105 Pennsylvania Ave, Ontonagon, MI, 49953 in Ontonagon is narrow, $124/mo net on $1,280/mo rent after the $517/mo debt service, but the property operates at break-even-plus, not a loss. At $115,000 with a 13.36% yield, the long-run equity case via 5% appreciation ($31,772 over five years) and $1,059/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.48 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $53,531.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.4% | 7.5% |
| Monthly Cash Flow | $124 | $750 |
City averages based on Ontonagon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,280 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.15x |
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 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
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 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices