1320 Comet RdWakefieldMI49968
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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 Wakefield at 1320 Comet Rd, Wakefield, MI, 49968 priced at $449,000 pairs $3,044/mo rent with $83/mo cash flow after a $2,198/mo payment. Total monthly income equals $3,044/mo, and annual cash flow comes to $992/yr on $148,844 invested. Return on cash invested is 20.58% in year one, and rental yield stands at 8.14% on a $449,000 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,050 by year five. Five-year ROI measures 106.96% and total cumulative return in cash reaches $159,196. For financing, Ziffy Mortgage’s DSCR program evaluates $3,044/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49968, Wakefield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,374 (100%) |
| Owner Occupied HU | 854 (62.2%) |
| Renter Occupied HU | 114 ( 8.3%) |
| Vacant Housing Units | 406 (29.5%) |
| Median Home Value | $114,015 |
| Average Home Value | $173,487 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
896
Multi-Family
47
Businesses
71
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Listed by: ANNA BOLICH • NORTHERN TRAILS REALTY, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #208551
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.