505 E Chicago RdWhite PigeonMI49099
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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
Rental property for sale in White Pigeon at 505 E Chicago Rd, White Pigeon, MI, 49099 priced at $270,000 pairs $2,154/mo rent with $373/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,154/mo, and annual cash flow comes to $4,476/yr on $89,505 invested. Return on cash invested is 24.91% in year one, and rental yield stands at 9.57% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 130.17% and total cumulative return in cash reaches $116,509. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49099, White Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,604 (100%) |
| Owner Occupied HU | 1,846 (70.9%) |
| Renter Occupied HU | 409 (15.7%) |
| Vacant Housing Units | 349 (13.4%) |
| Median Home Value | $201,557 |
| Average Home Value | $266,752 |
Housing Distribution
Address Breakdown
Residential
2,369
Single Family
2,346
Multi-Family
23
Businesses
149
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Listed by: Dustin Kline • RE/MAX Elite Group T.R.
Mls Name: MichRIC
Mls ID: #25057837