700 S Milton StPellstonMI49769
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing700 S Milton St, Pellston, MI, 49769 in Pellston is a stable, well-positioned rental at $800,000. Rental yield 6.87%. DSCR 1.27 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $221,025 in value and $7,368/yr in principal paydown builds equity, a total projected return of $259,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 7.5% |
| Monthly Cash Flow | $(699) | $200 |
City averages based on Pellston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,577 |
| Total Monthly Debt Service | $4,957 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
10.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
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
Single Family
Built in N/A
10.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices