2012 E Pierce StWakefieldMI49968
Nearby investment properties with comparable rents
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 2012 E Pierce St, Wakefield, MI, 49968 uses $49,394 cash to close to unlock $440/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $1,019/mo, and a $729/mo payment keeps the spread at $37/mo. Purchase price stands at $149,000, and rental yield measures 8.21% with $1,019/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 108.19% and total cumulative return in cash records $53,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.76 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
Nearby investment properties with comparable prices
Listed by: GARY WATTERS • STEPHENS REAL ESTATE-IRON RIVER
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169430
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.