1450 5th StWakefieldMI49968
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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 Wakefield at 1450 5th St, Wakefield, MI, 49968 uses $48,068 cash to close to unlock $7,026/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $710/mo payment keeps the spread at $586/mo. Purchase price stands at $145,000, and rental yield measures 12.76% with $1,542/mo rent. Return on cash invested shows 34.53% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 181.81% and total cumulative return in cash records $87,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1980
2 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: PETER SEIFERT • FIRST WEBER, INC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173855
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.