245 S Edith StPontiacMI48342
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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 245 S Edith St, Pontiac, MI, 48342 generates $1,386/mo in rent and, after a $680/mo payment, leaves $470/mo in cash flow. Total monthly income is $1,386/mo, and annual cash flow is $5,636/yr on $46,079 invested. Return on cash invested sits at 32.14% in year one, and rental yield is 11.97% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 169.01% and total cumulative return in cash sums $77,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,386/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48342, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,410 (100%) |
| Owner Occupied HU | 3,374 (40.1%) |
| Renter Occupied HU | 4,344 (51.7%) |
| Vacant Housing Units | 692 ( 8.2%) |
| Median Home Value | $85,725 |
| Average Home Value | $154,378 |
Housing Distribution
Address Breakdown
Residential
7,253
Single Family
6,421
Multi-Family
832
Businesses
575
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