11961 Stone Circle DrKewadinMI49648
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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 Kewadin at 11961 Stone Circle Dr, Kewadin, MI, 49648 uses $135,915 cash to close to unlock $5,064/yr annual cash flow and $422/mo monthly cash flow. Total monthly income runs $3,126/mo, and a $2,007/mo payment keeps the spread at $422/mo. Purchase price stands at $410,000, and rental yield measures 9.15% with $3,126/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 123.34% and total cumulative return in cash records $167,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,126/mo property income covering a $2,007/mo payment rather than investor’s personal income.
Single Family
Built in 2012
4.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49648, Kewadin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,962 (100%) |
| Owner Occupied HU | 982 (50.1%) |
| Renter Occupied HU | 80 ( 4.1%) |
| Vacant Housing Units | 900 (45.9%) |
| Median Home Value | $585,903 |
| Average Home Value | $671,115 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
32
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Listed by: Donald Fedrigon • REMAX Of Elk Rapids
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934782
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.