231 W Columbia 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 231 W Columbia Ave, Pontiac, MI, 48340 uses $49,692 cash to close to unlock $1,898/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,147/mo, and a $734/mo payment keeps the spread at $158/mo. Purchase price stands at $149,900, and rental yield measures 9.18% with $1,147/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.95% and total cumulative return in cash records $61,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,147/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1959
5,227 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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