2692 Kettle Lake Rd 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
Total monthly income runs $2,029/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 7.16% with $2,029/mo rent. Return on cash invested shows 17.64% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 91.26% and total cumulative return in cash records $102,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
3 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: Shelly Battershell • Century 21 Northland-Elk Rapids
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1935015
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.