323 Ferry AvePontiacMI48341
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
Rental property for sale in Pontiac at 323 Ferry Ave, Pontiac, MI, 48341 offers $1,032/mo rent that, after a $538/mo payment, leaves $307/mo cash flow. Total monthly income is $1,032/mo, and annual cash flow is $3,684/yr on $36,465 cash. Return on cash invested measures 30.01% in year one, and rental yield stands at 11.26% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 157.53% and total cumulative return in cash reaches $57,444. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,032/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
6,098 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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