50 Waldo StPontiacMI48341
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 Pontiac at 50 Waldo St, Pontiac, MI, 48341 offers $1,006/mo rent that, after a $2,080/mo payment. Total monthly income is $1,006/mo. Return on cash invested measures 4.61% in year one, and rental yield stands at 2.84% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 21.32% and total cumulative return in cash reaches $30,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,006/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1931
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48341, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,240 (100%) |
| Owner Occupied HU | 3,613 (49.9%) |
| Renter Occupied HU | 3,032 (41.9%) |
| Vacant Housing Units | 595 ( 8.2%) |
| Median Home Value | $145,604 |
| Average Home Value | $223,126 |
Housing Distribution
Address Breakdown
Residential
6,790
Single Family
6,210
Multi-Family
580
Businesses
736
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