2383 S Caseville RdPigeonMI48755
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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
Rental property for sale in Pigeon at 2383 S Caseville Rd, Pigeon, MI, 48755 priced at $140,000 converts $1,624/mo rent into $701/mo cash flow after a $685/mo obligation. Total monthly income equals $1,624/mo, and annual cash flow totals $8,412/yr on $46,410 invested. Return on cash invested prints 38.03% in year one, and rental yield reads 13.92% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 200.59% and total cumulative return in cash sums $93,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,624/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1976
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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