601 E Concord StPentwaterMI49449
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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 Pentwater at 601 E Concord St, Pentwater, MI, 49449 priced at $375,000 pairs $2,280/mo rent with after a $1,835/mo payment. Total monthly income equals $2,280/mo. Return on cash invested is 18.05% in year one, and rental yield stands at 7.3% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 93.42% and total cumulative return in cash reaches $116,127. For financing, Ziffy Mortgage’s DSCR program evaluates $2,280/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49449, Pentwater, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,698 (100%) |
| Owner Occupied HU | 1,193 (44.2%) |
| Renter Occupied HU | 132 ( 4.9%) |
| Vacant Housing Units | 1,373 (50.9%) |
| Median Home Value | $310,494 |
| Average Home Value | $372,414 |
Housing Distribution
Address Breakdown
Residential
1,433
Single Family
1,425
Multi-Family
8
Businesses
105
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