13890 Merril Ave NEKalkaskaMI49646
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 13890 Merril Ave NE, Kalkaska, MI, 49646 in Kalkaska speaks for itself: 18.71% gross on a $113,300 price, generating $1,766/mo in rent and $1,019/mo in net income after the $509/mo debt service. DSCR 3.47, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,231 stacks alongside $31,303 in projected five-year appreciation and $1,044/yr in principal reduction. Projected total cumulative return: $108,797.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.7% | 7.5% |
| Monthly Cash Flow | $1,019 | $350 |
City averages based on Kalkaska market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,766 |
| Total Monthly Debt Service | $702 |
| DSCR Ratio | 2.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1969
5,662 sqft 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
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
Single Family
Built in 1969
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Larkins • REO-TCFront-233021
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931121
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.