8669 Pigeon RdBay portMI48720
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
Investment property for sale in Bay port at 8669 Pigeon Rd, Bay port, MI, 48720 earns $262/mo cash flow from $2,036/mo rent with a $1,317/mo payment. Total monthly income totals $2,036/mo, and annual cash flow totals $3,140/yr on $89,174 capital. ROI tracks 23.43% on current figures, and rental yield reads 9.08% at a $269,000 purchase. Equity gained on principal adds $1,736/yr, and 5% annual appreciation supports $74,320 over five years. Five-year ROI reaches 122.26% and total cumulative return in cash sums $109,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,036/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48720, Bay Port, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 589 (100%) |
| Owner Occupied HU | 373 (63.3%) |
| Renter Occupied HU | 77 (13.1%) |
| Vacant Housing Units | 139 (23.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $204,169 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
423
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices