2617 Cork StWaylandMI49348
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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 Wayland at 2617 Cork St, Wayland, MI, 49348 with 5% annual appreciation on a $104,400 basis while $1,627/mo rent supports operations. Total monthly income totals $1,627/mo and a $511/mo payment preserves $939/mo for cash returns. Annual cash flow comes to $11,262/yr on $34,609 deployed, and return on cash invested reaches 52.45% in year one. Equity gained on principal adds $674/yr, and five-year appreciation sums $28,844 alongside rental yield of 18.7%. Five-year ROI measures 277.96% and total cumulative return in cash totals $96,197.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,627/mo property income versus a $511/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49348, Wayland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,099 (100%) |
| Owner Occupied HU | 4,611 (75.6%) |
| Renter Occupied HU | 1,091 (17.9%) |
| Vacant Housing Units | 397 ( 6.5%) |
| Median Home Value | $292,402 |
| Average Home Value | $347,766 |
Housing Distribution
Address Breakdown
Residential
5,778
Single Family
5,133
Multi-Family
645
Businesses
388
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