53 Pine Grove DrFrankenmuthMI48734
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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 Frankenmuth at 53 Pine Grove Dr, Frankenmuth, MI, 48734 uses $112,379 cash to close to unlock $1,124/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $2,329/mo, and a $1,659/mo payment keeps the spread at $94/mo. Purchase price stands at $339,000, and rental yield measures 8.24% with $2,329/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $122,212. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,329/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48734, Frankenmuth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,489 (100%) |
| Owner Occupied HU | 2,548 (73.0%) |
| Renter Occupied HU | 615 (17.6%) |
| Vacant Housing Units | 326 ( 9.3%) |
| Median Home Value | $293,473 |
| Average Home Value | $343,000 |
Housing Distribution
Address Breakdown
Residential
3,371
Single Family
3,036
Multi-Family
335
Businesses
442
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Listed by: Joshua Johnson • Allstate Properties.com
Mls Name: MiRealSource
Mls ID: #50188119