611 W 2nd StPinconningMI48650
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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 Pinconning at 611 W 2nd St, Pinconning, MI, 48650 uses $59,335 cash to close to unlock $2,193/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,363/mo, and a $876/mo payment keeps the spread at $183/mo. Purchase price stands at $178,990, and rental yield measures 9.14% with $1,363/mo rent. Return on cash invested shows 23.6% in year one, and 5% annual appreciation builds toward $49,452 over five years. Five-year ROI reaches 123.2% and total cumulative return in cash records $73,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,363/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48650, Pinconning, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,103 (100%) |
| Owner Occupied HU | 2,482 (80.0%) |
| Renter Occupied HU | 374 (12.1%) |
| Vacant Housing Units | 247 ( 8.0%) |
| Median Home Value | $160,024 |
| Average Home Value | $188,405 |
Housing Distribution
Address Breakdown
Residential
2,967
Single Family
2,941
Multi-Family
26
Businesses
168
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Listed by: Alicia Manceau • Century 21 Signature Realty Midland
Mls Name: MiRealSource
Mls ID: #50197426