717 Pine StMichigan CityIN46360
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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 Michigan City at 717 Pine St, Michigan City, IN, 46360 with 5% annual appreciation on a $619,000 basis while $4,966/mo rent supports operations. Total monthly income totals $4,966/mo and a $3,030/mo payment preserves $1,250/mo for cash returns. Annual cash flow comes to $14,999/yr on $203,651 deployed, and return on cash invested reaches 27.43% in year one. Equity gained on principal adds $3,994/yr, and five-year appreciation sums $171,018 alongside rental yield of 9.63%. Five-year ROI measures 142.87% and total cumulative return in cash totals $290,953.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,966/mo property income versus a $3,030/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1879
6,725 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: David Albers • Coldwell Banker Realty
Mls Name: NIRA
Mls ID: #825822