956 E Pequot LnHopeMI48628
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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 Hope at 956 E Pequot Ln, Hope, MI, 48628 uses $49,394 cash to close to unlock $6,188/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,498/mo, and a $729/mo payment keeps the spread at $516/mo. Purchase price stands at $149,000, and rental yield measures 12.06% with $1,498/mo rent. Return on cash invested shows 32.44% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 170.58% and total cumulative return in cash records $84,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,498/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 1980
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
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Listed by: Lacey Mapes • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50149369
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.