5213 Pine StChathamMI49816
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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 Chatham at 5213 Pine St, Chatham, MI, 49816 uses $66,267 cash to close to unlock $2,042/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $978/mo payment keeps the spread at $170/mo. Purchase price stands at $199,900, and rental yield measures 8.93% with $1,488/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 119.97% and total cumulative return in cash records $79,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1972
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49816, Chatham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 543 (100%) |
| Owner Occupied HU | 286 (52.7%) |
| Renter Occupied HU | 23 ( 4.2%) |
| Vacant Housing Units | 234 (43.1%) |
| Median Home Value | $220,408 |
| Average Home Value | $251,792 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
29
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