413 Hemlock StKingsfordMI49802
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
Investment property for sale in Kingsford at 413 Hemlock St, Kingsford, MI, 49802 offers a 18.91% rental yield on a $149,000 purchase with $2,348/mo rent. Total monthly income registers $2,348/mo, and a $729/mo payment leaves $1,366/mo available for distribution. Annual cash flow reaches $16,388/yr on $49,394 to close, and return on cash invested stands at 53.09% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 281.29% and total cumulative return in cash at $138,940. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,348/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.29 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CINDI STREHLOW • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152345
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.