4029 E Shore Dr NE #3KalkaskaMI49646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Kalkaska at 4029 E Shore Dr NE #3, Kalkaska, MI, 49646 generates $1,618/mo in rent, after a $1,933/mo payment. Total monthly income is $1,618/mo. Return on cash invested sits at 10.87% in year one, and rental yield is 4.92% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 54.91% and total cumulative return in cash sums $71,898. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,618/mo property income rather than buyer’s personal income.
Condo
Built in 1998
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Jarvis • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-174
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.