1033 Par DrWeidmanMI48893
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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 1033 Par Dr, Weidman, MI, 48893 listed at $251,900 pairs $3,355/mo rent with a $1,233/mo payment to leave $1,694/mo cash flow. Total monthly income runs $3,355/mo, and annual cash flow reaches $20,325/yr on $83,505 cash to close. Return on cash invested measures 44.25% in year one, and rental yield registers 15.98% at a $251,900 basis. Equity gained on principal adds $1,625/yr, and annual property appreciation at 5% supports $69,595 by year five. Five-year ROI tracks 233.9% and total cumulative return in cash totals $195,318. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,355/mo property income relative to a $1,233/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.30 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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Nearby investment properties with comparable prices
Listed by: Melissa Gross • Keller Williams of NM Signature Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922736
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.