12375 Nine Mile RdKalevaMI49645
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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 Kaleva at 12375 Nine Mile Rd, Kaleva, MI, 49645 uses $72,930 cash to close to unlock $864/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,523/mo, and a $1,077/mo payment keeps the spread at $72/mo. Purchase price stands at $220,000, and rental yield measures 8.31% with $1,523/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 109.71% and total cumulative return in cash records $80,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,523/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
4.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49645, Kaleva, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,031 (100%) |
| Owner Occupied HU | 648 (62.9%) |
| Renter Occupied HU | 102 ( 9.9%) |
| Vacant Housing Units | 281 (27.3%) |
| Median Home Value | $167,241 |
| Average Home Value | $214,541 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
72
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