6963 Siegfried RdKalevaMI49645
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 Kaleva at 6963 Siegfried Rd, Kaleva, MI, 49645 priced at $230,000 converts $2,146/mo rent into $629/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,146/mo, and annual cash flow totals $7,548/yr on $76,245 invested. Return on cash invested prints 29.81% in year one, and rental yield reads 11.2% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 156.45% and total cumulative return in cash sums $119,287. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,146/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49645, Kaleva, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,031 (100%) |
| Owner Occupied HU | 648 (62.9%) |
| Renter Occupied HU | 102 ( 9.9%) |
| Vacant Housing Units | 281 (27.3%) |
| Median Home Value | $167,241 |
| Average Home Value | $214,541 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
72
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