2599 Birchcrest Dr NEKalkaskaMI49646
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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 Kalkaska at 2599 Birchcrest Dr NE, Kalkaska, MI, 49646 generates $2,314/mo in rent, after a $1,957/mo payment. Total monthly income is $2,314/mo. Return on cash invested sits at 16.99% in year one, and rental yield is 6.94% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 87.73% and total cumulative return in cash sums $116,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,314/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.66 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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Listed by: Jenny Fehrenbach • Great Lakes Realty, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924836
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.