323 N Kalamazoo StWhite PigeonMI49099
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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 White Pigeon at 323 N Kalamazoo St, White Pigeon, MI, 49099 priced at $189,900 converts $1,496/mo rent into $244/mo cash flow after a $929/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $2,930/yr on $62,952 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 9.45% 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 128.41% and total cumulative return in cash sums $80,837. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49099, White Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,604 (100%) |
| Owner Occupied HU | 1,846 (70.9%) |
| Renter Occupied HU | 409 (15.7%) |
| Vacant Housing Units | 349 (13.4%) |
| Median Home Value | $201,557 |
| Average Home Value | $266,752 |
Housing Distribution
Address Breakdown
Residential
2,369
Single Family
2,346
Multi-Family
23
Businesses
149
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Listed by: Michael S Brorson • RE/MAX Elite Group
Mls Name: MichRIC
Mls ID: #25034401