7300 Broderick RdPigeonMI48755
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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
Rental property for sale in Pigeon at 7300 Broderick Rd, Pigeon, MI, 48755 offers $3,220/mo rent that, after a $1,368/mo payment, leaves $1,377/mo cash flow. Total monthly income is $3,220/mo, and annual cash flow is $16,522/yr on $92,654 cash. Return on cash invested measures 37.74% in year one, and rental yield stands at 13.82% at a $279,500 entry. Equity gained on principal adds $1,804/yr while 5% annual appreciation compounds into $77,221 by year five. Five-year ROI records 198.99% and total cumulative return in cash reaches $184,376. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,220/mo property income versus a $1,368/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48755, Pigeon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,208 (100%) |
| Owner Occupied HU | 1,134 (51.4%) |
| Renter Occupied HU | 267 (12.1%) |
| Vacant Housing Units | 807 (36.5%) |
| Median Home Value | $172,761 |
| Average Home Value | $255,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,233
Multi-Family
64
Businesses
118
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