10639 38 #MPelkieMI49958
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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 Pelkie at 10639 38 #M, Pelkie, MI, 49958 offers a 5.25% rental yield on a $488,000 purchase with $2,136/mo rent. 88% in year one. Equity gained on principal adds $3,149/yr while 5% annual appreciation supports $134,825 over five years. Portfolio math shows five-year ROI at 60.32% and total cumulative return in cash at $97,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,136/mo property income against a $2,389/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
240 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49958, Pelkie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 986 (100%) |
| Owner Occupied HU | 534 (54.2%) |
| Renter Occupied HU | 51 ( 5.2%) |
| Vacant Housing Units | 401 (40.7%) |
| Median Home Value | $181,000 |
| Average Home Value | $241,695 |
Housing Distribution
Address Breakdown
Residential
567
Single Family
567
Multi-Family
0
Businesses
24
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Listed by: TIM KEOHANE • GREAT LAKES & LAND OF MARQUETTE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50123410
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.