984 PinecreekMiddlevilleMI49333
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 Middleville at 984 Pinecreek, Middleville, MI, 49333 offers a 9.23% rental yield on a $137,900 purchase with $1,061/mo rent. Total monthly income registers $1,061/mo, and a $675/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,819/yr on $45,714 to close, and return on cash invested stands at 23.89% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,099 over five years. Portfolio math shows five-year ROI at 124.77% and total cumulative return in cash at $57,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,061/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49333, Middleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,474 (100%) |
| Owner Occupied HU | 4,393 (80.3%) |
| Renter Occupied HU | 717 (13.1%) |
| Vacant Housing Units | 364 ( 6.6%) |
| Median Home Value | $317,795 |
| Average Home Value | $363,773 |
Housing Distribution
Address Breakdown
Residential
5,147
Single Family
4,969
Multi-Family
178
Businesses
199
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Listed by: Lill Snoeyink • Michigan Mobile Home Connection
Mls Name: My State MLS
Mls ID: #11534376