6 Fairway DrKincheloeMI49788
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 Kincheloe at 6 Fairway Dr, Kincheloe, MI, 49788 at $192,500 posts ROI 28.52% with $458/mo cash flow from $1,727/mo rent. Total monthly income equals $1,727/mo, and annual cash flow records $5,493/yr on $63,814 to close. Return on cash invested measures 28.52% and rental yield reads 10.77% at the current $192,500. Equity gained on principal adds $1,242/yr, and 5% annual appreciation supports $53,184 by year five. Five-year ROI prints 149.54% and total cumulative return in cash totals $95,429.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,727/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49788, Kincheloe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,056 (100%) |
| Owner Occupied HU | 478 (45.3%) |
| Renter Occupied HU | 442 (41.9%) |
| Vacant Housing Units | 136 (12.9%) |
| Median Home Value | $94,872 |
| Average Home Value | $124,257 |
Housing Distribution
Address Breakdown
Residential
953
Single Family
953
Multi-Family
0
Businesses
66
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joan Reed Mahanna • Real Estate One Northern Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-193
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.