16241 Pine StPresque IsleMI49777
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
Total monthly income runs $2,054/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 3.29% with $2,054/mo rent. Return on cash invested shows 6% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 28.72% and total cumulative return in cash records $70,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn M Anderson • CENTURY 21 NORTHLAND of ALPENA
Mls Name: WWMLS
Mls ID: #201837003