1600 E Us Highway 2WakefieldMI49968
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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 1600 E Us Highway 2, Wakefield, MI, 49968 earns from $0/mo rent with a $1,248/mo payment. Total monthly income totals $0/mo. ROI tracks -3.96% on current figures, and rental yield reads 0% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1900
9.82 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: TRACY DERIZZO • ZAK'S REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50190640
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.