228 E Pine StElsieMI48831
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow228 E Pine St, Elsie, MI, 48831 in Elsie is a solid income-producing rental, 10.72% gross yield, $1,786/mo rent, $467/mo net cash flow on a $199,900 buy. DSCR 1.99 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $55,229 and $1,841/yr in principal reduction project a total cumulative return of $106,286.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.0% |
| Monthly Cash Flow | $467 | $800 |
City averages based on Elsie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,786 |
| Total Monthly Debt Service | $1,239 |
| DSCR Ratio | 1.44x |
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 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
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 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48831, Elsie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,425 (100%) |
| Owner Occupied HU | 1,143 (80.2%) |
| Renter Occupied HU | 202 (14.2%) |
| Vacant Housing Units | 80 ( 5.6%) |
| Median Home Value | $242,931 |
| Average Home Value | $288,241 |
Housing Distribution
Address Breakdown
Residential
1,197
Single Family
1,181
Multi-Family
16
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices