Parkila RdPelkieMI49958
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 Pelkie at Parkila Rd, Pelkie, MI, 49958 with 5% annual appreciation on a $159,900 basis while $1,489/mo rent supports operations. Total monthly income totals $1,489/mo and a $783/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,210/yr on $53,007 deployed, and return on cash invested reaches 29.74% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 11.17%. Five-year ROI measures 156.17% and total cumulative return in cash totals $82,782.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,489/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
39.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49958, Pelkie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 986 (100%) |
| Owner Occupied HU | 534 (54.2%) |
| Renter Occupied HU | 51 ( 5.2%) |
| Vacant Housing Units | 401 (40.7%) |
| Median Home Value | $181,000 |
| Average Home Value | $241,695 |
Housing Distribution
Address Breakdown
Residential
567
Single Family
567
Multi-Family
0
Businesses
24
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Listed by: ADAM TAIVALKOSKI • SAVU REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179400
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.