124 N Bogue StWalkervilleMI49459
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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 Walkerville at 124 N Bogue St, Walkerville, MI, 49459 generates $1,834/mo in rent and, after a $1,101/mo payment, leaves $351/mo in cash flow. Total monthly income is $1,834/mo, and annual cash flow is $4,208/yr on $74,554 invested. Return on cash invested sits at 25.55% in year one, and rental yield is 9.79% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 133.66% and total cumulative return in cash sums $99,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,834/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1.35 Acres 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
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Listed by: Eric Shedd • Nexes Realty Muskegon
Mls Name: MichRIC
Mls ID: #25061561