2417-N2417 River DrWallaceMI49893
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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 Wallace at 2417-N2417 River Dr, Wallace, MI, 49893 listed at $379,900 pairs $2,545/mo rent with a $1,859/mo payment to leave $40/mo cash flow. Total monthly income runs $2,545/mo, and annual cash flow reaches $482/yr on $125,937 cash to close. Return on cash invested measures 20.29% in year one, and rental yield registers 8.04% at a $379,900 basis. Equity gained on principal adds $2,451/yr, and annual property appreciation at 5% supports $104,959 by year five. Five-year ROI tracks 105.45% and total cumulative return in cash totals $132,797. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,545/mo property income relative to a $1,859/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49893, Wallace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 879 (100%) |
| Owner Occupied HU | 694 (79.0%) |
| Renter Occupied HU | 69 ( 7.8%) |
| Vacant Housing Units | 116 (13.2%) |
| Median Home Value | $196,809 |
| Average Home Value | $199,226 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
16
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Listed by: RYAN GORDON • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50163534
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