305 Nunnemacher StWakefieldMI49968
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Wakefield rental at 305 Nunnemacher St, Wakefield, MI, 49968 sits in the solid-income band: 11.48% gross yield, $1,282/mo rent, $398/mo net after the $603/mo debt service, DSCR 2.13. Entry price of $134,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $37,022 and $1,234/yr in principal reduction bring total cumulative return to $76,690.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.0% |
| Monthly Cash Flow | $398 | $450 |
City averages based on Wakefield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,282 |
| Total Monthly Debt Service | $830 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49968, Wakefield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,374 (100%) |
| Owner Occupied HU | 854 (62.2%) |
| Renter Occupied HU | 114 ( 8.3%) |
| Vacant Housing Units | 406 (29.5%) |
| Median Home Value | $114,015 |
| Average Home Value | $173,487 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
896
Multi-Family
47
Businesses
71
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
Single Family
Built in N/A
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49968, Wakefield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,374 (100%) |
| Owner Occupied HU | 854 (62.2%) |
| Renter Occupied HU | 114 ( 8.3%) |
| Vacant Housing Units | 406 (29.5%) |
| Median Home Value | $114,015 |
| Average Home Value | $173,487 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
896
Multi-Family
47
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TAMMY KAURANEN • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #210493
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.