11703 Overland Trl NEKalkaskaMI49646
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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
Investment property for sale in Kalkaska at 11703 Overland Trl NE, Kalkaska, MI, 49646 uses $39,780 cash to close to unlock $1,584/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $923/mo, and a $587/mo payment keeps the spread at $132/mo. Purchase price stands at $120,000, and rental yield measures 9.23% with $923/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 124.69% and total cumulative return in cash records $49,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $923/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49646, Kalkaska, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,598 (100%) |
| Owner Occupied HU | 3,048 (54.4%) |
| Renter Occupied HU | 636 (11.4%) |
| Vacant Housing Units | 1,914 (34.2%) |
| Median Home Value | $179,590 |
| Average Home Value | $218,947 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,577
Multi-Family
243
Businesses
351
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