1640 M 72 EKalkaskaMI49646
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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
Rental property for sale in Kalkaska at 1640 M 72 E, Kalkaska, MI, 49646 generates $2,282/mo in rent and, after a $1,170/mo payment, leaves $706/mo in cash flow. Total monthly income is $2,282/mo, and annual cash flow is $8,468/yr on $79,229 invested. Return on cash invested sits at 30.6% in year one, and rental yield is 11.46% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 160.72% and total cumulative return in cash sums $127,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A 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
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Listed by: Jeff Jarvis • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-559
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.