3440 Pine StPort AustinMI48467
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 Port Austin at 3440 Pine St, Port Austin, MI, 48467 offers a 8.28% rental yield on a $200,000 purchase with $1,380/mo rent. Total monthly income registers $1,380/mo, and a $979/mo payment leaves $61/mo available for distribution. Annual cash flow reaches $732/yr on $66,300 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 109.28% and total cumulative return in cash at $72,452. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: Jana Riutta • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168752
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