243 Cherokee 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
Investment property for sale in Pontiac at 243 Cherokee Rd, Pontiac, MI, 48341 uses $119,307 cash to close to unlock $1,742/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,519/mo, and a $1,762/mo payment keeps the spread at $145/mo. Purchase price stands at $359,900, and rental yield measures 8.4% with $2,519/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 111.23% and total cumulative return in cash records $132,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,519/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1931
10,454 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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