224 W Chicago 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
Investment property for sale in Pontiac at 224 W Chicago Ave, Pontiac, MI, 48340 at $150,000 posts ROI 32.63% with $527/mo cash flow from $1,516/mo rent. Total monthly income equals $1,516/mo, and annual cash flow records $6,324/yr on $49,725 to close. Return on cash invested measures 32.63% and rental yield reads 12.13% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 171.57% and total cumulative return in cash totals $85,314.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,516/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
7,840 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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