70861 Lakeview Dr, White Pigeon, MI, 49099 | $843/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1428 sft

1530 Shelton Dr, Mishawaka, IN, 46544

3 Bed
2 Bath
1092 sft

51830 Fawn Meadow Dr, Elkhart, IN, 46514

3 Bed
2 Bath
1528 sft

26812 Stoney Creek Dr, Elkhart, IN, 46514

3 Bed
2 Bath
1330 sft

53086 Pine Brook Dr, Bristol, IN, 46507

Nearby investment properties with comparable prices

3 Bed
2 Bath
1512 sft

30894 Oak Springs Dr, Granger, IN, 46530

3 Bed
2 Bath
1216 sft

149 Winchester Trl, Goshen, IN, 46526

4 Bed
1 Bath
1002 sft

714 S 12th St, Goshen, IN, 46526

4 Bed
2 Bath
1728 sft

1030 E Bristol St, Elkhart, IN, 46514

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in White Pigeon at 70861 Lakeview Dr, White Pigeon, MI, 49099 offers a 12.61% rental yield on a $215,000 purchase with $2,260/mo rent. Total monthly income registers $2,260/mo, and a $1,052/mo payment leaves $843/mo available for distribution. Annual cash flow reaches $10,110/yr on $71,273 to close, and return on cash invested stands at 34.09% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 179.47% and total cumulative return in cash at $127,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,260/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

10,018 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49099, White Pigeon, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,604 (100%)
Owner Occupied HU	1,846 (70.9%)
Renter Occupied HU	409 (15.7%)
Vacant Housing Units	349 (13.4%)
Median Home Value	$201,557
Average Home Value	$266,752