41103 Pike River RdChassellMI49916
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 Chassell at 41103 Pike River Rd, Chassell, MI, 49916 offers a 10.06% rental yield on a $299,900 purchase with $2,515/mo rent. Total monthly income registers $2,515/mo, and a $1,468/mo payment leaves $537/mo available for distribution. Annual cash flow reaches $6,446/yr on $99,417 to close, and return on cash invested stands at 26.39% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 138.17% and total cumulative return in cash at $137,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,515/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49916, Chassell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,667 (100%) |
| Owner Occupied HU | 1,072 (64.3%) |
| Renter Occupied HU | 179 (10.7%) |
| Vacant Housing Units | 416 (25.0%) |
| Median Home Value | $244,922 |
| Average Home Value | $274,466 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
974
Multi-Family
30
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER DEEPHOUSE • STATE WIDE OF HOUGHTON
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50180419
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.