120 S Mackinaw StWaldronMI49288
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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 Waldron at 120 S Mackinaw St, Waldron, MI, 49288 priced at $132,500 converts $1,908/mo rent into $1,034/mo cash flow after a $649/mo obligation. Total monthly income equals $1,908/mo, and annual cash flow totals $12,405/yr on $43,924 invested. Return on cash invested prints 48.15% in year one, and rental yield reads 17.28% against a $132,500 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation compiles into $36,607 by year five. Five-year ROI reaches 254.83% and total cumulative return in cash sums $111,932. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,908/mo property income covering a $649/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49288, Waldron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 466 (74.3%) |
| Renter Occupied HU | 116 (18.5%) |
| Vacant Housing Units | 45 ( 7.2%) |
| Median Home Value | $136,364 |
| Average Home Value | $169,254 |
Housing Distribution
Address Breakdown
Residential
488
Single Family
488
Multi-Family
0
Businesses
25
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