355 N Water StPinconningMI48650
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 355 N Water St, Pinconning, MI, 48650 uses $53,007 cash to close to unlock $4,694/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,446/mo, and a $783/mo payment keeps the spread at $391/mo. Purchase price stands at $159,900, and rental yield measures 10.85% with $1,446/mo rent. Return on cash invested shows 28.76% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 150.94% and total cumulative return in cash records $80,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,446/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,405 sqft 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: Dean Boivin • RE/MAX New Image
Mls Name: MiRealSource
Mls ID: #50194778