22751 Waterwheel RdPiersonMI49339
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 22751 Waterwheel Rd, Pierson, MI, 49339 in Pierson hard to pass up. The 22.17% gross yield on a $129,900 purchase results in $2,400/mo in rent and $1,543/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.11). Annual cash flow of $18,520, five-year appreciation of $35,889, and $1,196/yr in equity build-up combine for a projected total cumulative return of $148,856.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.2% | 7.5% |
| Monthly Cash Flow | $1,543 | $350 |
City averages based on Pierson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $805 |
| DSCR Ratio | 2.98x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49339, Pierson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 929 (73.4%) |
| Renter Occupied HU | 88 ( 7.0%) |
| Vacant Housing Units | 249 (19.7%) |
| Median Home Value | $310,729 |
| Average Home Value | $327,209 |
Housing Distribution
Address Breakdown
Residential
1,043
Single Family
1,043
Multi-Family
0
Businesses
17
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
Lot
Built in N/A
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49339, Pierson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,266 (100%) |
| Owner Occupied HU | 929 (73.4%) |
| Renter Occupied HU | 88 ( 7.0%) |
| Vacant Housing Units | 249 (19.7%) |
| Median Home Value | $310,729 |
| Average Home Value | $327,209 |
Housing Distribution
Address Breakdown
Residential
1,043
Single Family
1,043
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices