115 Shirley AveWhite PigeonMI49099
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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 Pigeon at 115 Shirley Ave, White Pigeon, MI, 49099 uses $79,560 cash to close to unlock $3,972/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,175/mo payment keeps the spread at $331/mo. Purchase price stands at $240,000, and rental yield measures 9.57% with $1,914/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 130.12% and total cumulative return in cash records $103,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.40 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: James D Blehm • Keller Williams GR North
Mls Name: MichRIC
Mls ID: #25035304