3017 Forest Beach TrlKewadinMI49648
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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 Kewadin at 3017 Forest Beach Trl, Kewadin, MI, 49648 projects strong ROI of 3.81%. Rental yield 2.55%. With 5% annual appreciation, the property builds $675,508 in value over five years. Equity growth combined delivers a projected five-year ROI of 16.95%, translating into $134,235 in total cumulative return on $792,180 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1990
13.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49648, Kewadin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,962 (100%) |
| Owner Occupied HU | 982 (50.1%) |
| Renter Occupied HU | 80 ( 4.1%) |
| Vacant Housing Units | 900 (45.9%) |
| Median Home Value | $585,903 |
| Average Home Value | $671,115 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
32
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Listed by: Donald Fedrigon • REMAX Of Elk Rapids
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1913389
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.