23763 Wakeman RdMendonMI49072
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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 Mendon at 23763 Wakeman Rd, Mendon, MI, 49072 uses $81,218 cash to close to unlock $2,070/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $1,788/mo, and a $1,199/mo payment keeps the spread at $173/mo. Purchase price stands at $245,000, and rental yield measures 8.76% with $1,788/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 117.06% and total cumulative return in cash records $95,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,788/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49072, Mendon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 1,064 (78.5%) |
| Renter Occupied HU | 136 (10.0%) |
| Vacant Housing Units | 156 (11.5%) |
| Median Home Value | $215,044 |
| Average Home Value | $237,324 |
Housing Distribution
Address Breakdown
Residential
1,185
Single Family
1,185
Multi-Family
0
Businesses
59
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