203 S Athletic StWhite 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 203 S Athletic St, White Pigeon, MI, 49099 earns $848/mo cash flow from $2,154/mo rent with a $969/mo payment. Total monthly income totals $2,154/mo, and annual cash flow totals $10,181/yr on $65,637 capital. ROI tracks 35.42% on current figures, and rental yield reads 13.05% at a $198,000 purchase. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 over five years. Five-year ROI reaches 186.58% and total cumulative return in cash sums $122,464. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,154/mo property income instead of your personal income.
Single Family
Built in 1960
0.43 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: David C Clark • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041202
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.