13196 Milks RdKalevaMI49645
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 Kaleva at 13196 Milks Rd, Kaleva, MI, 49645 offers a 12.45% rental yield on a $424,500 purchase with $4,405/mo rent. Total monthly income registers $4,405/mo, and a $2,078/mo payment leaves $1,605/mo available for distribution. Annual cash flow reaches $19,264/yr on $140,722 to close, and return on cash invested stands at 33.6% in year one. Equity gained on principal adds $2,739/yr while 5% annual appreciation supports $117,282 over five years. Portfolio math shows five-year ROI at 176.8% and total cumulative return in cash at $248,800. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,405/mo property income against a $2,078/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
40 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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