302 E Center StWaldronMI49288
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
Investment Highlights
Investment property for sale in Waldron at 302 E Center St, Waldron, MI, 49288 offers a 9.62% rental yield on a $124,900 purchase with $1,001/mo rent. Total monthly income registers $1,001/mo, and a $611/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,132/yr on $41,404 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 131.02% and total cumulative return in cash at $54,250. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,001/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49288, Waldron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 466 (74.3%) |
| Renter Occupied HU | 116 (18.5%) |
| Vacant Housing Units | 45 ( 7.2%) |
| Median Home Value | $136,364 |
| Average Home Value | $169,254 |
Housing Distribution
Address Breakdown
Residential
488
Single Family
488
Multi-Family
0
Businesses
25
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