9001 Point Charities AvePigeonMI48755
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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
Rental property for sale in Pigeon at 9001 Point Charities Ave, Pigeon, MI, 48755 generates $973/mo in rent, after a $1,283/mo payment. Total monthly income is $973/mo. Return on cash invested sits at 9.48% in year one, and rental yield is 4.45% on a $262,200 entry. Equity gained on principal adds $1,692/yr, while 5% annual appreciation builds toward $72,441 over five years. Five-year ROI reaches 47.46% and total cumulative return in cash sums $41,256. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $973/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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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