65 Evergreen 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 65 Evergreen Dr, Kincheloe, MI, 49788 offers a 9.52% rental yield on a $184,900 purchase with $1,467/mo rent. Total monthly income registers $1,467/mo, and a $905/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,972/yr on $61,294 to close, and return on cash invested stands at 24.76% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 129.36% and total cumulative return in cash at $79,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,467/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
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
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