10811 N Waldron RdJeromeMI49249
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 10811 N Waldron Rd, Jerome, MI, 49249 in Jerome. Priced at $274,900, it generates $2,837/mo in gross rent and $996/mo in net monthly cash flow, a 12.38% yield that comfortably supports the 2.30 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $11,948. Five-year appreciation: $75,950. Equity from principal paydown: $2,532/yr. Total projected cumulative return: $168,966.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.1% |
| Monthly Cash Flow | $996 | $145 |
City averages based on Jerome market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,837 |
| Total Monthly Debt Service | $1,732 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
$340 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49249, Jerome, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,882 (100%) |
| Owner Occupied HU | 1,324 (70.4%) |
| Renter Occupied HU | 144 ( 7.7%) |
| Vacant Housing Units | 414 (22.0%) |
| Median Home Value | $254,545 |
| Average Home Value | $286,856 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,653
Multi-Family
0
Businesses
13
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
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
$340 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49249, Jerome, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,882 (100%) |
| Owner Occupied HU | 1,324 (70.4%) |
| Renter Occupied HU | 144 ( 7.7%) |
| Vacant Housing Units | 414 (22.0%) |
| Median Home Value | $254,545 |
| Average Home Value | $286,856 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,653
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices