3035 5th St, Wayland, MI, 49348 | 6.68% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,226/mo, and a $1,958/mo payment. Purchase price stands at $399,999, and rental yield measures 6.68% with $2,226/mo rent. Return on cash invested shows 16.18% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 83.37% and total cumulative return in cash records $110,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,226/mo property income covering a $1,958/mo payment rather than investor’s personal income.

Single Family

Built in 1950

3.70 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