12212 Riverside DrWhite PigeonMI49099
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
Investment Highlights
Investment property for sale in White Pigeon at 12212 Riverside Dr, White Pigeon, MI, 49099 uses $82,776 cash to close to unlock $6,090/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $2,154/mo, and a $1,222/mo payment keeps the spread at $508/mo. Purchase price stands at $249,700, and rental yield measures 10.35% with $2,154/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $68,988 over five years. Five-year ROI reaches 142.84% and total cumulative return in cash records $118,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,154/mo property income covering a $1,222/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.63 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherrie M Nowicki • RE/MAX Elite Group T.R.
Mls Name: MichRIC
Mls ID: #25050462