503 White Pine DrCadillacMI49601
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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 Cadillac at 503 White Pine Dr, Cadillac, MI, 49601 with 5% annual appreciation on a $419,000 basis while $6,594/mo rent supports operations. Total monthly income totals $6,594/mo and a $2,051/mo payment preserves $3,829/mo for cash returns. Annual cash flow comes to $45,943/yr on $138,899 deployed, and return on cash invested reaches 52.99% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 18.88%. Five-year ROI measures 280.77% and total cumulative return in cash totals $389,981.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,594/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
0.53 Acres lot
$N/A/sqft
$25 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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Listed by: Daniella Bell • Coldwell Banker Schmidt-Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1910929
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.