683 Clara AvePontiacMI48340
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 Pontiac at 683 Clara Ave, Pontiac, MI, 48340 priced at $150,000 pairs $1,396/mo rent with $407/mo cash flow after a $734/mo payment. Total monthly income equals $1,396/mo, and annual cash flow comes to $4,884/yr on $49,725 invested. Return on cash invested is 29.73% in year one, and rental yield stands at 11.17% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 156.03% and total cumulative return in cash reaches $77,586. For financing, Ziffy Mortgage’s DSCR program evaluates $1,396/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
10,803 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48340, Pontiac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,064 (100%) |
| Owner Occupied HU | 4,425 (40.0%) |
| Renter Occupied HU | 5,949 (53.8%) |
| Vacant Housing Units | 690 ( 6.2%) |
| Median Home Value | $96,169 |
| Average Home Value | $168,314 |
Housing Distribution
Address Breakdown
Residential
10,626
Single Family
10,106
Multi-Family
520
Businesses
398
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