508 Glenview CtPinconningMI48650
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 Pinconning at 508 Glenview Ct, Pinconning, MI, 48650 priced at $264,950 converts $1,786/mo rent into $39/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,786/mo, and annual cash flow totals $463/yr on $87,831 invested. Return on cash invested prints 20.44% in year one, and rental yield reads 8.09% against a $264,950 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,201 by year five. Five-year ROI reaches 106.21% and total cumulative return in cash sums $93,288. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,786/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48650, Pinconning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,482 (80.0%) |
| Renter Occupied HU | 374 (12.1%) |
| Vacant Housing Units | 247 ( 8.0%) |
| Median Home Value | $160,024 |
| Average Home Value | $188,405 |
Housing Distribution
Address Breakdown
Residential
2,967
Single Family
2,941
Multi-Family
26
Businesses
168
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Listed by: T.J. Peters • Modern Realty
Mls Name: MiRealSource
Mls ID: #50186427