383 S Rutledge StPentwaterMI49449
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
Rental property for sale in Pentwater at 383 S Rutledge St, Pentwater, MI, 49449 priced at $318,000 converts $2,275/mo rent into $178/mo cash flow after a $1,556/mo obligation. Total monthly income equals $2,275/mo, and annual cash flow totals $2,141/yr on $105,417 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 8.58% against a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation compiles into $87,858 by year five. Five-year ROI reaches 114.29% and total cumulative return in cash sums $120,479. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,275/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Single Family
Built in 1866
9,583 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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