20603 S Pea Line RdPickfordMI49774
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 20603 S Pea Line Rd, Pickford, MI, 49774 in Pickford is straightforward: $225,000 in, $1,934/mo in rent, $451/mo out after debt service. The 10.32% gross yield and 1.91 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $62,163 by year five. With $2,072/yr in principal equity, the total cumulative return is projected at $114,696.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 8.0% |
| Monthly Cash Flow | $451 | $400 |
City averages based on Pickford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,934 |
| Total Monthly Debt Service | $1,394 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49774, Pickford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,039 (100%) |
| Owner Occupied HU | 647 (62.3%) |
| Renter Occupied HU | 45 ( 4.3%) |
| Vacant Housing Units | 347 (33.4%) |
| Median Home Value | $169,093 |
| Average Home Value | $206,696 |
Housing Distribution
Address Breakdown
Residential
630
Single Family
630
Multi-Family
0
Businesses
51
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
Single Family
Built in 2022
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49774, Pickford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,039 (100%) |
| Owner Occupied HU | 647 (62.3%) |
| Renter Occupied HU | 45 ( 4.3%) |
| Vacant Housing Units | 347 (33.4%) |
| Median Home Value | $169,093 |
| Average Home Value | $206,696 |
Housing Distribution
Address Breakdown
Residential
630
Single Family
630
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan W Bennett • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-627
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.