38 S Frank StPigeonMI48755
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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
Investment property for sale in Pigeon at 38 S Frank St, Pigeon, MI, 48755 earns $175/mo cash flow from $900/mo rent with a $538/mo payment. Total monthly income totals $900/mo, and annual cash flow totals $2,102/yr on $36,432 capital. ROI tracks 25.68% on current figures, and rental yield reads 9.83% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 134.43% and total cumulative return in cash sums $48,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $900/mo property income instead of your personal income.
Single Family
Built in 1945
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48755, Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,134 (51.4%) |
| Renter Occupied HU | 267 (12.1%) |
| Vacant Housing Units | 807 (36.5%) |
| Median Home Value | $172,761 |
| Average Home Value | $255,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,233
Multi-Family
64
Businesses
118
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