24147 S Fairview RdPickfordMI49774
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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 Pickford at 24147 S Fairview Rd, Pickford, MI, 49774 uses $96,135 cash to close to unlock $13,032/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,419/mo payment keeps the spread at $1,086/mo. Purchase price stands at $290,000, and rental yield measures 12.41% with $2,998/mo rent. Return on cash invested shows 33.46% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 176.06% and total cumulative return in cash records $169,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2010
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49774, Pickford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,039 (100%) |
| Owner Occupied HU | 647 (62.3%) |
| Renter Occupied HU | 45 ( 4.3%) |
| Vacant Housing Units | 347 (33.4%) |
| Median Home Value | $169,093 |
| Average Home Value | $206,696 |
Housing Distribution
Address Breakdown
Residential
630
Single Family
630
Multi-Family
0
Businesses
51
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Listed by: Andrea M. Mcdonald • MCDONALD REALTY Inc
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-763
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.