853 Melrose StPontiacMI48340
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
Investment Highlights
Rental property for sale in Pontiac at 853 Melrose St, Pontiac, MI, 48340 priced at $123,500 converts $1,620/mo rent into $806/mo cash flow after a $604/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $9,673/yr on $40,940 invested. Return on cash invested prints 43.54% in year one, and rental yield reads 15.74% against a $123,500 entry. Equity gained on principal adds $797/yr, while 5% annual appreciation compiles into $34,121 by year five. Five-year ROI reaches 230.18% and total cumulative return in cash sums $94,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $604/mo payment, not borrower’s personal income.
Single Family
Built in 1957
6,098 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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Nearby investment properties with comparable prices
Listed by: Shawn Hermansen • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251008371
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 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 2025-10-26 03:26:46 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702