40 John 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 40 John St, Pigeon, MI, 48755 with 5% annual appreciation on a $130,000 basis while $992/mo rent supports operations. Total monthly income totals $992/mo and a $636/mo payment preserves $135/mo for cash returns. Annual cash flow comes to $1,620/yr on $43,095 deployed, and return on cash invested reaches 23.67% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.16%. Five-year ROI measures 123.53% and total cumulative return in cash totals $53,235.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $992/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
N/A 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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