1361 135th AveWaylandMI49348
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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
Investment property for sale in Wayland at 1361 135th Ave, Wayland, MI, 49348 uses $108,732 cash to close to unlock $5,105/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $2,588/mo, and a $1,605/mo payment keeps the spread at $425/mo. Purchase price stands at $328,000, and rental yield measures 9.47% with $2,588/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 128.57% and total cumulative return in cash records $139,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,588/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Single Family
Built in 1973
2.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49348, Wayland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,099 (100%) |
| Owner Occupied HU | 4,611 (75.6%) |
| Renter Occupied HU | 1,091 (17.9%) |
| Vacant Housing Units | 397 ( 6.5%) |
| Median Home Value | $292,402 |
| Average Home Value | $347,766 |
Housing Distribution
Address Breakdown
Residential
5,778
Single Family
5,133
Multi-Family
645
Businesses
388
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