210 Hancock 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
Rental property for sale in Wakefield at 210 Hancock St, Wakefield, MI, 49968 offers $2,710/mo rent that, after a $543/mo payment, leaves $1,978/mo cash flow. Total monthly income is $2,710/mo, and annual cash flow is $23,740/yr on $36,793 cash. Return on cash invested measures 84.43% in year one, and rental yield stands at 29.3% at a $110,990 entry. Equity gained on principal adds $716/yr while 5% annual appreciation compounds into $30,664 by year five. Five-year ROI records 449.49% and total cumulative return in cash reaches $165,382. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,710/mo property income versus a $543/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1914
7,841 sqft 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: DANIELLE TRACZYK • ZAK'S REALTY, INC
Mls Name: GNMLS
Mls Provider:
Mls ID: #206728
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.