399 E Vermont AveWhite PigeonMI49099
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 White Pigeon at 399 E Vermont Ave, White Pigeon, MI, 49099 generates $2,050/mo in rent and, after a $923/mo payment, leaves $807/mo in cash flow. Total monthly income is $2,050/mo, and annual cash flow is $9,679/yr on $62,488 invested. Return on cash invested sits at 35.4% in year one, and rental yield is 13.05% on a $188,500 entry. Equity gained on principal adds $1,216/yr, while 5% annual appreciation builds toward $52,079 over five years. Five-year ROI reaches 186.46% and total cumulative return in cash sums $116,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49099, White Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,604 (100%) |
| Owner Occupied HU | 1,846 (70.9%) |
| Renter Occupied HU | 409 (15.7%) |
| Vacant Housing Units | 349 (13.4%) |
| Median Home Value | $201,557 |
| Average Home Value | $266,752 |
Housing Distribution
Address Breakdown
Residential
2,369
Single Family
2,346
Multi-Family
23
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael S Brorson • RE/MAX Elite Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #25021056
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.