430 River Pointe Pkwy UNIT 103KingsfordMI49802
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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 430 River Pointe Pkwy UNIT 103, Kingsford, MI, 49802 uses $148,844 cash to close to unlock $6,992/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $3,844/mo, and a $2,198/mo payment keeps the spread at $583/mo. Purchase price stands at $449,000, and rental yield measures 10.27% with $3,844/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 129.45% and total cumulative return in cash records $192,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,844/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 2008
10 Acres lot
$N/A/sqft
$300 monthly HOA
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Listed by: MICHAEL CONNORS • CONNORS REALTY GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50161792
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