232 E Hoadley StKingsfordMI49802
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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
Investment property for sale in Kingsford at 232 E Hoadley St, Kingsford, MI, 49802 uses $63,615 cash to close to unlock $9,165/yr annual cash flow and $764/mo monthly cash flow. Total monthly income runs $2,029/mo, and a $939/mo payment keeps the spread at $764/mo. Purchase price stands at $191,900, and rental yield measures 12.69% with $2,029/mo rent. Return on cash invested shows 34.32% in year one, and 5% annual appreciation builds toward $53,018 over five years. Five-year ROI reaches 180.65% and total cumulative return in cash records $114,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $939/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.58 Acres lot
$N/A/sqft
No HOA
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Listed by: CRAIG RECLA • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178449
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