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Jenn Smart

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398 N Saginaw , Pontiac, MI 48342
$250,000
Est. Payment: $1,302.78/mo
0 Bed
2 Bath
1620 Sqft
Status: active | Days on site: 141
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. DSCR loans, Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0-3% Down Payment - Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500-$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

Highlights

Listed by James Toma , 248-249-4999 Brookstone, Realtors LLC , 248-963-0505. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1910

County

Oakland

Area

Pontiac (63142)

Neighborhood

Pound Add

School District

Pontiac City School District

Listing ID

60976670

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Ceiling Fan(s)
Fireplaces:
Above Ground Sq Ft:1620
Basement:Poured,Stone
Other:
  • Additional:Cable/Internet Avail.

Exterior Features

Lot Dimensions:41.66X170
Others:
  • Additional:Fenced Yard, Porch
Parking Features:Lighted,On Street
Principal Interest
$1,303
Taxes
$221

Home Price

$250,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$50,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,302.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,302.78 $220.67 $0.00 $1,523.45
Yearly $15,633.42 $2,648.00 $0.00 $18,281.42
Total $469,002.52 $79,440.00 $0.00 $548,442.52
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Pontiac, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T07:12:09.900Z

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