216 W Pine StCarson CityMI48811
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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 Carson City at 216 W Pine St, Carson City, MI, 48811 uses $54,698 cash to close to unlock $7,158/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $808/mo payment keeps the spread at $597/mo. Purchase price stands at $165,000, and rental yield measures 12.25% with $1,685/mo rent. Return on cash invested shows 33% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 173.6% and total cumulative return in cash records $94,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1921
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48811, Carson City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,274 (100%) |
| Owner Occupied HU | 952 (74.7%) |
| Renter Occupied HU | 240 (18.8%) |
| Vacant Housing Units | 82 ( 6.4%) |
| Median Home Value | $221,629 |
| Average Home Value | $241,657 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
971
Multi-Family
71
Businesses
112
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Listed by: Ryan D Hesche • Greenridge Realty (Saranac)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25049856
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.