18 E Rutgers AvePontiacMI48340
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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
Rental property for sale in Pontiac at 18 E Rutgers Ave, Pontiac, MI, 48340 priced at $115,000 converts $899/mo rent into $141/mo cash flow after a $563/mo obligation. Total monthly income equals $899/mo, and annual cash flow totals $1,686/yr on $38,123 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 9.38% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 127.16% and total cumulative return in cash sums $48,477. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $899/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1959
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48340, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,064 (100%) |
| Owner Occupied HU | 4,425 (40.0%) |
| Renter Occupied HU | 5,949 (53.8%) |
| Vacant Housing Units | 690 ( 6.2%) |
| Median Home Value | $96,169 |
| Average Home Value | $168,314 |
Housing Distribution
Address Breakdown
Residential
10,626
Single Family
10,106
Multi-Family
520
Businesses
398
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