245 Kohon RdCrystal FallsMI49920
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play245 Kohon Rd, Crystal Falls, MI, 49920 in Crystal Falls is priced for appreciation, not yield. Rental yield 3.65%. At $479,500 with a 3.65% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $132,477 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.68) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $73,143.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 8.0% |
| Monthly Cash Flow | $(1,702) | $400 |
City averages based on Crystal Falls market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,460 |
| Total Monthly Debt Service | $2,971 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2004
33.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49920, Crystal Falls, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,517 (100%) |
| Owner Occupied HU | 1,761 (50.1%) |
| Renter Occupied HU | 311 ( 8.8%) |
| Vacant Housing Units | 1,445 (41.1%) |
| Median Home Value | $157,741 |
| Average Home Value | $194,814 |
Housing Distribution
Address Breakdown
Residential
2,060
Single Family
1,971
Multi-Family
89
Businesses
171
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 2004
33.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49920, Crystal Falls, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,517 (100%) |
| Owner Occupied HU | 1,761 (50.1%) |
| Renter Occupied HU | 311 ( 8.8%) |
| Vacant Housing Units | 1,445 (41.1%) |
| Median Home Value | $157,741 |
| Average Home Value | $194,814 |
Housing Distribution
Address Breakdown
Residential
2,060
Single Family
1,971
Multi-Family
89
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JORDYN LEONARDUZZI • RE/MAX NORTH COUNTRY - CRYSTAL FALLS
Mls Name: GNMLS
Mls Provider:
Mls ID: #210910
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.