24 Mohawk RdPontiacMI48341
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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 Pontiac at 24 Mohawk Rd, Pontiac, MI, 48341 priced at $138,900 converts $1,043/mo rent into $127/mo cash flow after a $680/mo obligation. Total monthly income equals $1,043/mo, and annual cash flow totals $1,522/yr on $46,045 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 9.01% against a $138,900 entry. Equity gained on principal adds $896/yr, while 5% annual appreciation compiles into $38,376 by year five. Five-year ROI reaches 121.11% and total cumulative return in cash sums $55,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,043/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48341, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,240 (100%) |
| Owner Occupied HU | 3,613 (49.9%) |
| Renter Occupied HU | 3,032 (41.9%) |
| Vacant Housing Units | 595 ( 8.2%) |
| Median Home Value | $145,604 |
| Average Home Value | $223,126 |
Housing Distribution
Address Breakdown
Residential
6,790
Single Family
6,210
Multi-Family
580
Businesses
736
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