1385 Wetheral Lake DrMartinMI49070
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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 Martin at 1385 Wetheral Lake Dr, Martin, MI, 49070 uses $127,628 cash to close to unlock $9,150/yr annual cash flow and $763/mo monthly cash flow. Total monthly income runs $3,301/mo, and a $1,884/mo payment keeps the spread at $763/mo. Purchase price stands at $385,000, and rental yield measures 10.29% with $3,301/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 141.83% and total cumulative return in cash records $181,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,301/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49070, Martin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 826 (81.1%) |
| Renter Occupied HU | 137 (13.5%) |
| Vacant Housing Units | 55 ( 5.4%) |
| Median Home Value | $249,679 |
| Average Home Value | $269,080 |
Housing Distribution
Address Breakdown
Residential
941
Single Family
941
Multi-Family
0
Businesses
46
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