3031 Kenrick StKeego HarborMI48320
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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 Keego Harbor at 3031 Kenrick St, Keego Harbor, MI, 48320 uses $58,013 cash to close to unlock $2,406/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $857/mo payment keeps the spread at $201/mo. Purchase price stands at $175,000, and rental yield measures 9.29% with $1,355/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 125.65% and total cumulative return in cash records $72,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1926
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48320, Keego Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,538 (65.4%) |
| Renter Occupied HU | 598 (25.4%) |
| Vacant Housing Units | 215 ( 9.1%) |
| Median Home Value | $370,560 |
| Average Home Value | $551,053 |
Housing Distribution
Address Breakdown
Residential
2,076
Single Family
1,877
Multi-Family
199
Businesses
389
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