6 Poplar RdPellstonMI49769
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 6 Poplar Rd, Pellston, MI, 49769 in Pellston. At $229,900 it earns $1,986/mo in rent and distributes $470/mo to the owner after the $1,034/mo payment, a consistent 10.37% yield. DSCR 1.92 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $63,517 in value; $2,117/yr in principal paydown compounds ownership stake. Total projected return: $117,853.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.5% |
| Monthly Cash Flow | $470 | $200 |
City averages based on Pellston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,986 |
| Total Monthly Debt Service | $1,425 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
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
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mandi Maghakian • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475995
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.