3 Fairway DrKincheloeMI49788
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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 Kincheloe at 3 Fairway Dr, Kincheloe, MI, 49788 uses $46,377 cash to close to unlock $1,778/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,071/mo, and a $685/mo payment keeps the spread at $148/mo. Purchase price stands at $139,900, and rental yield measures 9.19% with $1,071/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 124% and total cumulative return in cash records $57,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,071/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49788, Kincheloe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,056 (100%) |
| Owner Occupied HU | 478 (45.3%) |
| Renter Occupied HU | 442 (41.9%) |
| Vacant Housing Units | 136 (12.9%) |
| Median Home Value | $94,872 |
| Average Home Value | $124,257 |
Housing Distribution
Address Breakdown
Residential
953
Single Family
953
Multi-Family
0
Businesses
66
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Listed by: Ryan W Bennett • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-682
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.