10562 Summit City RdKingsleyMI49649
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 Kingsley at 10562 Summit City Rd, Kingsley, MI, 49649 uses $89,505 cash to close to unlock $5,964/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,278/mo, and a $1,322/mo payment keeps the spread at $497/mo. Purchase price stands at $270,000, and rental yield measures 10.12% with $2,278/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 139.1% and total cumulative return in cash records $124,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,278/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49649, Kingsley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,717 (100%) |
| Owner Occupied HU | 2,177 (80.1%) |
| Renter Occupied HU | 345 (12.7%) |
| Vacant Housing Units | 195 ( 7.2%) |
| Median Home Value | $317,683 |
| Average Home Value | $356,690 |
Housing Distribution
Address Breakdown
Residential
2,464
Single Family
2,464
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices