232 Leipprandt StPigeonMI48755
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
Investment Highlights
Rental property for sale in Pigeon at 232 Leipprandt St, Pigeon, MI, 48755 priced at $155,000 pairs $2,435/mo rent with $1,413/mo cash flow after a $759/mo payment. Total monthly income equals $2,435/mo, and annual cash flow comes to $16,950/yr on $51,383 invested. Return on cash invested is 52.9% in year one, and rental yield stands at 18.85% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 280.31% and total cumulative return in cash reaches $144,028. For financing, Ziffy Mortgage’s DSCR program evaluates $2,435/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48755, Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,134 (51.4%) |
| Renter Occupied HU | 267 (12.1%) |
| Vacant Housing Units | 807 (36.5%) |
| Median Home Value | $172,761 |
| Average Home Value | $255,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,233
Multi-Family
64
Businesses
118
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