203 S Kennefic StYaleMI48097
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
Rental property for sale in Yale at 203 S Kennefic St, Yale, MI, 48097 offers $1,221/mo rent that, after a $580/mo payment, leaves $440/mo cash flow. Total monthly income is $1,221/mo, and annual cash flow is $5,274/yr on $39,283 cash. Return on cash invested measures 33.34% in year one, and rental yield stands at 12.36% at a $118,500 entry. Equity gained on principal adds $765/yr while 5% annual appreciation compounds into $32,739 by year five. Five-year ROI records 175.45% and total cumulative return in cash reaches $68,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,221/mo property income versus a $580/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1875
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48097, Yale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,124 (100%) |
| Owner Occupied HU | 1,644 (77.4%) |
| Renter Occupied HU | 326 (15.3%) |
| Vacant Housing Units | 154 ( 7.3%) |
| Median Home Value | $225,103 |
| Average Home Value | $248,183 |
Housing Distribution
Address Breakdown
Residential
2,077
Single Family
1,961
Multi-Family
116
Businesses
127
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Listed by: Robert Kean • Coldwell Banker Professionals
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174704
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