8740 Elm 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 8740 Elm Rd, Kaleva, MI, 49645 priced at $824,900 converts $3,509/mo rent into after a $4,037/mo obligation. Total monthly income equals $3,509/mo. Return on cash invested prints 11.53% in year one, and rental yield reads 5.1% against a $824,900 entry. Equity gained on principal adds $5,323/yr, while 5% annual appreciation compiles into $227,905 by year five. Five-year ROI reaches 58.38% and total cumulative return in cash sums $158,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,509/mo property income covering a $4,037/mo payment, not borrower’s personal income.
Single Family
Built in 2008
38.16 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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Nearby investment properties with comparable prices
Listed by: Sue Whipple • City2Shore Real Estate Northern Michigan
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928525
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.