4787 Pine St SWSouth BoardmanMI49680
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 South Boardman at 4787 Pine St SW, South Boardman, MI, 49680 priced at $137,900 converts $2,255/mo rent into $1,346/mo cash flow after a $675/mo obligation. Total monthly income equals $2,255/mo, and annual cash flow totals $16,147/yr on $45,714 invested. Return on cash invested prints 55.23% in year one, and rental yield reads 19.62% against a $137,900 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation compiles into $38,099 by year five. Five-year ROI reaches 292.85% and total cumulative return in cash sums $133,871. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,255/mo property income covering a $675/mo payment, not borrower’s personal income.
Manufactured
Built in 1996
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Steiner • The Difference Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925024
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.