6355 W Feole RdKinrossMI49752
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 Kinross at 6355 W Feole Rd, Kinross, MI, 49752 offers $1,707/mo rent that, after a $1,167/mo payment, leaves $135/mo cash flow. Total monthly income is $1,707/mo, and annual cash flow is $1,615/yr on $79,063 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 8.59% at a $238,500 entry. Equity gained on principal adds $1,539/yr while 5% annual appreciation compounds into $65,893 by year five. Five-year ROI records 114.36% and total cumulative return in cash reaches $90,419. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,707/mo property income versus a $1,167/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49752, Kinross, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 212 (50.2%) |
| Renter Occupied HU | 45 (10.7%) |
| Vacant Housing Units | 165 (39.1%) |
| Median Home Value | $155,000 |
| Average Home Value | $182,488 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
11
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Nearby investment properties with comparable prices
Listed by: Kristina Thibault • RE/MAX NorthStar Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-1147
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.