20340 Wahrman RdNew BostonMI48164
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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 New Boston at 20340 Wahrman Rd, New Boston, MI, 48164 listed at $625,000 pairs $4,594/mo rent with a $3,059/mo payment to leave $473/mo cash flow. Total monthly income runs $4,594/mo, and annual cash flow reaches $5,670/yr on $205,625 cash to close. Return on cash invested measures 22.82% in year one, and rental yield registers 8.82% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 118.95% and total cumulative return in cash totals $244,585. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,594/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: Craig D Jerore • Tillery & Associates Realty Group LLC
Mls Name: MiRealSource
Mls ID: #50193378