211 West StKalkaskaMI49646
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 Kalkaska at 211 West St, Kalkaska, MI, 49646 priced at $319,900 converts $3,012/mo rent into $902/mo cash flow after a $1,566/mo obligation. Total monthly income equals $3,012/mo, and annual cash flow totals $10,826/yr on $106,047 invested. Return on cash invested prints 30.12% in year one, and rental yield reads 11.3% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 158.14% and total cumulative return in cash sums $167,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,012/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.48 Acres 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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