4211&4246 E Shore Dr NEKalkaskaMI49646
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 4211&4246 E Shore Dr NE, Kalkaska, MI, 49646 in Kalkaska fits: $579,000, 4.54% gross yield, and a projected 5% annual appreciation rate adding $159,967 in value within five years. Rental yield 4.54%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.84) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $5,333/yr in principal paydown and $159,967 in appreciation project a total return of $115,776.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 7.5% |
| Monthly Cash Flow | $(1,628) | $350 |
City averages based on Kalkaska market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,190 |
| Total Monthly Debt Service | $3,588 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1991
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
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
Single Family
Built in 1991
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices