885 E Northfield 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 885 E Northfield Ave, Pontiac, MI, 48340 uses $44,719 cash to close to unlock $2,192/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,072/mo, and a $660/mo payment keeps the spread at $183/mo. Purchase price stands at $134,900, and rental yield measures 9.54% with $1,072/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 129.7% and total cumulative return in cash records $58,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,072/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.48 Acres 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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