2671 N Eight Mile RdPinconningMI48650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pinconning at 2671 N Eight Mile Rd, Pinconning, MI, 48650 offers a 8.04% rental yield on a $234,900 purchase with $1,574/mo rent. Total monthly income registers $1,574/mo, and a $1,150/mo payment leaves $25/mo available for distribution. Annual cash flow reaches $296/yr on $77,869 to close, and return on cash invested stands at 20.29% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 105.42% and total cumulative return in cash at $82,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,574/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48650, Pinconning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,482 (80.0%) |
| Renter Occupied HU | 374 (12.1%) |
| Vacant Housing Units | 247 ( 8.0%) |
| Median Home Value | $160,024 |
| Average Home Value | $188,405 |
Housing Distribution
Address Breakdown
Residential
2,967
Single Family
2,941
Multi-Family
26
Businesses
168
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Sagady • Bay Realty Michigan
Mls Name: MiRealSource
Mls ID: #50190337