608 Nevada AvePontiacMI48341
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
Investment property for sale in Pontiac at 608 Nevada Ave, Pontiac, MI, 48341 uses $43,095 cash to close to unlock $1,668/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $996/mo, and a $636/mo payment keeps the spread at $139/mo. Purchase price stands at $130,000, and rental yield measures 9.19% with $996/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 124.11% and total cumulative return in cash records $53,487. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $996/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1950
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48341, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,240 (100%) |
| Owner Occupied HU | 3,613 (49.9%) |
| Renter Occupied HU | 3,032 (41.9%) |
| Vacant Housing Units | 595 ( 8.2%) |
| Median Home Value | $145,604 |
| Average Home Value | $223,126 |
Housing Distribution
Address Breakdown
Residential
6,790
Single Family
6,210
Multi-Family
580
Businesses
736
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices