7241 Cherry AveKewadinMI49648
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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 Kewadin at 7241 Cherry Ave, Kewadin, MI, 49648 generates $2,243/mo in rent and, after a $1,508/mo payment, leaves $211/mo in cash flow. Total monthly income is $2,243/mo, and annual cash flow is $2,537/yr on $102,102 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.74% on a $308,000 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation builds toward $85,095 over five years. Five-year ROI reaches 116.73% and total cumulative return in cash sums $119,188. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,243/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49648, Kewadin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,962 (100%) |
| Owner Occupied HU | 982 (50.1%) |
| Renter Occupied HU | 80 ( 4.1%) |
| Vacant Housing Units | 900 (45.9%) |
| Median Home Value | $585,903 |
| Average Home Value | $671,115 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
32
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