21 Birchview DrKewadinMI49648
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 21 Birchview Dr, Kewadin, MI, 49648 in Kewadin: $2,224/mo in rent, $1,564/mo net, 26.68% gross yield, all on a $100,000 acquisition. The 4.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $27,628 in value, and $921/yr in principal paydown steadily builds equity. Projected total cumulative return: $138,749.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 26.7% | 8.0% |
| Monthly Cash Flow | $1,564 | $1,200 |
City averages based on Kewadin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,224 |
| Total Monthly Debt Service | $620 |
| DSCR Ratio | 3.59x |
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.
Lot
Built in N/A
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49648, Kewadin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,962 (100%) |
| Owner Occupied HU | 982 (50.1%) |
| Renter Occupied HU | 80 ( 4.1%) |
| Vacant Housing Units | 900 (45.9%) |
| Median Home Value | $585,903 |
| Average Home Value | $671,115 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
32
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
Lot
Built in N/A
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49648, Kewadin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,962 (100%) |
| Owner Occupied HU | 982 (50.1%) |
| Renter Occupied HU | 80 ( 4.1%) |
| Vacant Housing Units | 900 (45.9%) |
| Median Home Value | $585,903 |
| Average Home Value | $671,115 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Snyder • Pat O'Brien & Associates
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1912786
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.