412 Hamilton Ave,Kingsford,MI,49802

Investment Highlights

Rental property for sale in Kingsford at 412 Hamilton Ave, Kingsford, MI, 49802 priced at $162,500 converts $1,231/mo rent into $160/mo cash flow after a $795/mo obligation. Total monthly income equals $1,231/mo, and annual cash flow totals $1,917/yr on $53,869 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.09% against a $162,500 entry. Equity gained on principal adds $1,049/yr, while 5% annual appreciation compiles into $44,896 by year five. Five-year ROI reaches 122.49% and total cumulative return in cash sums $65,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $795/mo payment, not borrower’s personal income.