394 Townline RdPellstonMI49769
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 Pellston at 394 Townline Rd, Pellston, MI, 49769 uses $75,914 cash to close to unlock $8,828/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $2,246/mo, and a $1,121/mo payment keeps the spread at $736/mo. Purchase price stands at $229,000, and rental yield measures 11.77% with $2,246/mo rent. Return on cash invested shows 31.54% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 165.75% and total cumulative return in cash records $125,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,246/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
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