309 Doraland StKingsfordMI49802
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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
Rental property for sale in Kingsford at 309 Doraland St, Kingsford, MI, 49802 generates $2,582/mo in rent and, after a $660/mo payment, leaves $1,693/mo in cash flow. Total monthly income is $2,582/mo, and annual cash flow is $20,312/yr on $44,719 invested. Return on cash invested sits at 65.33% in year one, and rental yield is 22.97% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 346.98% and total cumulative return in cash sums $155,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,582/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.41 Acres lot
$N/A/sqft
No HOA
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Listed by: THOMAS MINER • MULTI STATE REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50155058
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.