321 E Main StPickfordMI49774
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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 Pickford at 321 E Main St, Pickford, MI, 49774 priced at $189,900 converts $1,820/mo rent into $568/mo cash flow after a $929/mo obligation. Total monthly income equals $1,820/mo, and annual cash flow totals $6,818/yr on $62,952 invested. Return on cash invested prints 30.74% in year one, and rental yield reads 11.5% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 161.52% and total cumulative return in cash sums $101,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,820/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1905
0.34 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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