611 S Kinney AveMount PleasantMI48858
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 Mount Pleasant at 611 S Kinney Ave, Mount Pleasant, MI, 48858 priced at $294,900 converts $2,251/mo rent into $307/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,251/mo, and annual cash flow totals $3,680/yr on $97,759 invested. Return on cash invested prints 23.67% in year one, and rental yield reads 9.16% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 123.57% and total cumulative return in cash sums $120,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,251/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 1928
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Randy Golden • BOERMA REALTY, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1931712
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.