228 E Pine StElsieMI48831
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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 Elsie at 228 E Pine St, Elsie, MI, 48831 listed at $199,900 pairs $1,786/mo rent with a $978/mo payment to leave $468/mo cash flow. Total monthly income runs $1,786/mo, and annual cash flow reaches $5,618/yr on $66,267 cash to close. Return on cash invested measures 28.39% in year one, and rental yield registers 10.72% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 148.89% and total cumulative return in cash totals $98,665. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,786/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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