E6935-1 Mile RdPickfordMI49774
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 Pickford at E6935-1 Mile Rd, Pickford, MI, 49774 earns from $1,469/mo rent with a $1,101/mo payment. Total monthly income totals $1,469/mo. ROI tracks 19.68% on current figures, and rental yield reads 7.83% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 102.16% and total cumulative return in cash sums $76,197. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,469/mo property income instead of your personal income.
Single Family
Built in 1940
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49774, Pickford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,039 (100%) |
| Owner Occupied HU | 647 (62.3%) |
| Renter Occupied HU | 45 ( 4.3%) |
| Vacant Housing Units | 347 (33.4%) |
| Median Home Value | $169,093 |
| Average Home Value | $206,696 |
Housing Distribution
Address Breakdown
Residential
630
Single Family
630
Multi-Family
0
Businesses
51
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Nearby investment properties with comparable prices
Listed by: FORBES J MCDONALD • MCDONALD REALTY Inc
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-431
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.