1438 Wallinda DrEssexvilleMI48732
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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 Essexville at 1438 Wallinda Dr, Essexville, MI, 48732 offers a 8.4% rental yield on a $529,000 purchase with $3,702/mo rent. Total monthly income registers $3,702/mo, and a $2,589/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,564/yr on $174,041 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $3,414/yr while 5% annual appreciation supports $146,153 over five years. Portfolio math shows five-year ROI at 112.06% and total cumulative return in cash at $195,029. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,702/mo property income against a $2,589/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48732, Essexville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,559 (67.9%) |
| Renter Occupied HU | 1,347 (25.7%) |
| Vacant Housing Units | 334 ( 6.4%) |
| Median Home Value | $172,752 |
| Average Home Value | $202,151 |
Housing Distribution
Address Breakdown
Residential
5,084
Single Family
3,837
Multi-Family
1,247
Businesses
214
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Listed by: Danielle Kelly • Berkshire Hathaway HomeServices, Bay City
Mls Name: MiRealSource
Mls ID: #50194067