2643 N Kirk RdFairgroveMI48733
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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 Fairgrove at 2643 N Kirk Rd, Fairgrove, MI, 48733 offers a 12.73% rental yield on a $209,900 purchase with $2,227/mo rent. Total monthly income registers $2,227/mo, and a $1,027/mo payment leaves $843/mo available for distribution. Annual cash flow reaches $10,118/yr on $69,582 to close, and return on cash invested stands at 34.45% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 181.42% and total cumulative return in cash at $126,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,227/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1897
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48733, Fairgrove, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 794 (100%) |
| Owner Occupied HU | 602 (75.8%) |
| Renter Occupied HU | 93 (11.7%) |
| Vacant Housing Units | 99 (12.5%) |
| Median Home Value | $132,609 |
| Average Home Value | $166,466 |
Housing Distribution
Address Breakdown
Residential
679
Single Family
679
Multi-Family
0
Businesses
22
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