7611 Kingston DrPortageMI49002
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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 Portage at 7611 Kingston Dr, Portage, MI, 49002 generates $2,072/mo in rent and, after a $1,027/mo payment, leaves $688/mo in cash flow. Total monthly income is $2,072/mo, and annual cash flow is $8,258/yr on $69,582 invested. Return on cash invested sits at 31.78% in year one, and rental yield is 11.85% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 167.09% and total cumulative return in cash sums $116,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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