16120 Horoscope RdPelkieMI49958
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 Pelkie at 16120 Horoscope Rd, Pelkie, MI, 49958 offers a 9.3% rental yield on a $199,000 purchase with $1,542/mo rent. Total monthly income registers $1,542/mo, and a $974/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,756/yr on $65,969 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 125.8% and total cumulative return in cash at $82,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,542/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
2 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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