6592 Pingree RdElwellMI48832
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
Rental property for sale in Elwell at 6592 Pingree Rd, Elwell, MI, 48832 offers $2,202/mo rent that, after a $651/mo payment, leaves $1,325/mo cash flow. Total monthly income is $2,202/mo, and annual cash flow is $15,899/yr on $44,090 cash. Return on cash invested measures 55.97% in year one, and rental yield stands at 19.87% at a $133,000 entry. Equity gained on principal adds $858/yr while 5% annual appreciation compounds into $36,745 by year five. Five-year ROI records 296.74% and total cumulative return in cash reaches $130,833. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,202/mo property income versus a $651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48832, Elwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 538 (82.4%) |
| Renter Occupied HU | 50 ( 7.7%) |
| Vacant Housing Units | 65 ( 10.0%) |
| Median Home Value | $168,077 |
| Average Home Value | $195,367 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
563
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162577
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