413 Norway StKalkaskaMI49646
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 413 Norway St, Kalkaska, MI, 49646 priced at $137,245 pairs $2,530/mo rent with $1,488/mo cash flow after a $672/mo payment. Total monthly income equals $2,530/mo, and annual cash flow comes to $17,860/yr on $45,497 invested. Return on cash invested is 59.17% in year one, and rental yield stands at 22.12% on a $137,245 basis. Equity gained on principal adds $886/yr, and 5% annual appreciation accumulates to $37,918 by year five. Five-year ROI measures 315.26% and total cumulative return in cash reaches $143,433. For financing, Ziffy Mortgage’s DSCR program evaluates $2,530/mo property income against a $672/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.26 Acres 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
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