8800 Crescent Beach 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
Investment property for sale in Pigeon at 8800 Crescent Beach Rd, Pigeon, MI, 48755 with 5% annual appreciation on a $485,000 basis while $2,906/mo rent supports operations. 73% in year one. Equity gained on principal adds $3,130/yr, and five-year appreciation sums $133,997 alongside rental yield of 7.19%. Five-year ROI measures 91.68% and total cumulative return in cash totals $147,398. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,906/mo property income versus a $2,374/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.31 Acres 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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Listed by: Rose Cooper • Hagle Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-868
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.