1004 Bishop LnWeidmanMI48893
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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
Investment property for sale in Weidman at 1004 Bishop Ln, Weidman, MI, 48893 offers a 10.13% rental yield on a $283,000 purchase with $2,390/mo rent. Total monthly income registers $2,390/mo, and a $1,385/mo payment leaves $524/mo available for distribution. Annual cash flow reaches $6,287/yr on $93,815 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,826/yr while 5% annual appreciation supports $78,188 over five years. Portfolio math shows five-year ROI at 139.31% and total cumulative return in cash at $130,695. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,390/mo property income against a $1,385/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48893, Weidman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,977 (74.8%) |
| Renter Occupied HU | 203 ( 7.7%) |
| Vacant Housing Units | 464 (17.5%) |
| Median Home Value | $204,836 |
| Average Home Value | $235,420 |
Housing Distribution
Address Breakdown
Residential
2,409
Single Family
2,409
Multi-Family
0
Businesses
95
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