1192 N WallVulcanMI49892
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 Vulcan at 1192 N Wall, Vulcan, MI, 49892 offers $5,034/mo rent that, after a $1,835/mo payment, leaves $2,562/mo cash flow. Total monthly income is $5,034/mo, and annual cash flow is $30,740/yr on $124,279 cash. Return on cash invested measures 44.64% in year one, and rental yield stands at 16.11% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 236.02% and total cumulative return in cash reaches $293,323. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,034/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
7.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49892, Vulcan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 847 (61.5%) |
| Renter Occupied HU | 83 ( 6.0%) |
| Vacant Housing Units | 448 (32.5%) |
| Median Home Value | $198,018 |
| Average Home Value | $234,038 |
Housing Distribution
Address Breakdown
Residential
915
Single Family
915
Multi-Family
0
Businesses
10
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Listed by: CARRIE TORETTA-PARTELLO • COLDWELL BANKER REAL ESTATE GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50143463
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