1522 Kingfisher CirAlgerMI48610
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1522 Kingfisher Cir, Alger, MI, 48610 in Alger at $279,900 earns $2,059/mo in rent and nets $188/mo after the $1,259/mo payment, a 8.83% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $77,331 over five years. Ziffy Mortgage underwrites this on a 1.64 DSCR without U.S. credit history. With $2,578/yr in principal paydown, total projected return reaches $120,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $188 | $900 |
City averages based on Alger market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,059 |
| Total Monthly Debt Service | $1,734 |
| DSCR Ratio | 1.19x |
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 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
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 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48610, Alger, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,295 (49.1%) |
| Renter Occupied HU | 172 ( 6.5%) |
| Vacant Housing Units | 1,169 (44.3%) |
| Median Home Value | $164,949 |
| Average Home Value | $197,278 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,752
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices