371 4th StPentwaterMI49449
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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 Pentwater at 371 4th St, Pentwater, MI, 49449 priced at $328,000 converts $1,470/mo rent into after a $1,605/mo obligation. Total monthly income equals $1,470/mo. Return on cash invested prints 12.27% in year one, and rental yield reads 5.38% against a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation compiles into $90,620 by year five. Five-year ROI reaches 62.41% and total cumulative return in cash sums $67,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,470/mo property income covering a $1,605/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49449, Pentwater, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,698 (100%) |
| Owner Occupied HU | 1,193 (44.2%) |
| Renter Occupied HU | 132 ( 4.9%) |
| Vacant Housing Units | 1,373 (50.9%) |
| Median Home Value | $310,494 |
| Average Home Value | $372,414 |
Housing Distribution
Address Breakdown
Residential
1,433
Single Family
1,425
Multi-Family
8
Businesses
105
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