102 Kirkpatrick AvePalmerMI49871
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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
Rental property for sale in Palmer at 102 Kirkpatrick Ave, Palmer, MI, 49871 generates $950/mo in rent and, after a $587/mo payment, leaves $159/mo in cash flow. Total monthly income is $950/mo, and annual cash flow is $1,910/yr on $39,747 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 9.51% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 129.25% and total cumulative return in cash sums $51,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $950/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49871, Palmer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 185 (100%) |
| Owner Occupied HU | 142 (76.8%) |
| Renter Occupied HU | 13 ( 7.0%) |
| Vacant Housing Units | 30 (16.2%) |
| Median Home Value | $125,000 |
| Average Home Value | $187,817 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
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