110 E Sycamore StWaylandMI49348
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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 Wayland at 110 E Sycamore St, Wayland, MI, 49348 offers $1,933/mo rent that, after a $928/mo payment, leaves $683/mo cash flow. Total monthly income is $1,933/mo, and annual cash flow is $8,194/yr on $62,819 cash. Return on cash invested measures 32.95% in year one, and rental yield stands at 12.24% at a $189,500 entry. Equity gained on principal adds $1,223/yr while 5% annual appreciation compounds into $52,355 by year five. Five-year ROI records 173.33% and total cumulative return in cash reaches $108,887. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,933/mo property income versus a $928/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49348, Wayland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,099 (100%) |
| Owner Occupied HU | 4,611 (75.6%) |
| Renter Occupied HU | 1,091 (17.9%) |
| Vacant Housing Units | 397 ( 6.5%) |
| Median Home Value | $292,402 |
| Average Home Value | $347,766 |
Housing Distribution
Address Breakdown
Residential
5,778
Single Family
5,133
Multi-Family
645
Businesses
388
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