120 W South StWalkervilleMI49459
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 120 W South St, Walkerville, MI, 49459 in Walkerville at $125,000 earns $1,001/mo in rent and nets $177/mo after the $562/mo payment, a 9.61% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $34,535 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,151/yr in principal paydown, total projected return reaches $59,023.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $177 | $900 |
City averages based on Walkerville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,001 |
| Total Monthly Debt Service | $775 |
| DSCR Ratio | 1.29x |
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 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49459, Walkerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 459 (51.1%) |
| Renter Occupied HU | 83 ( 9.2%) |
| Vacant Housing Units | 357 (39.7%) |
| Median Home Value | $173,264 |
| Average Home Value | $208,083 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
589
Multi-Family
0
Businesses
18
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 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49459, Walkerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 459 (51.1%) |
| Renter Occupied HU | 83 ( 9.2%) |
| Vacant Housing Units | 357 (39.7%) |
| Median Home Value | $173,264 |
| Average Home Value | $208,083 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
589
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Horton • Wickstra Realty, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062905
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.