229 Wilson AveKingsfordMI49802
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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 Kingsford at 229 Wilson Ave, Kingsford, MI, 49802 offers $1,175/mo rent that, after a $734/mo payment, leaves $186/mo cash flow. Total monthly income is $1,175/mo, and annual cash flow is $2,234/yr on $49,692 cash. Return on cash invested measures 24.4% in year one, and rental yield stands at 9.41% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 127.58% and total cumulative return in cash reaches $63,395. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,175/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: JEFF HARRY • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179536
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.