232 E Hoadley StKingsfordMI49802
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 232 E Hoadley St, Kingsford, MI, 49802 in Kingsford speaks for itself: 12.69% gross on a $191,900 price, generating $2,029/mo in rent and $764/mo in net income after the $863/mo debt service. DSCR 2.35, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,165 stacks alongside $53,018 in projected five-year appreciation and $1,767/yr in principal reduction. Projected total cumulative return: $122,247.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 7.2% |
| Monthly Cash Flow | $764 | $150 |
City averages based on Kingsford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,029 |
| Total Monthly Debt Service | $1,189 |
| DSCR Ratio | 1.71x |
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.
Single Family
Built in 1924
0.58 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1924
0.58 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRAIG RECLA • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178449
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