790 3rd AvePontiacMI48340
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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 Pontiac at 790 3rd Ave, Pontiac, MI, 48340 earns $564/mo cash flow from $1,675/mo rent with a $825/mo payment. Total monthly income totals $1,675/mo, and annual cash flow totals $6,763/yr on $55,858 capital. ROI tracks 32.02% on current figures, and rental yield reads 11.93% at a $168,500 purchase. Equity gained on principal adds $1,087/yr, and 5% annual appreciation supports $46,553 over five years. Five-year ROI reaches 168.33% and total cumulative return in cash sums $94,026. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,675/mo property income instead of your personal income.
Single Family
Built in 1944
9,583 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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Listed by: Paul R Smith • Summit Realty Solutions
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240063938
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-19 14:39:49 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702