3281 Wallaker RdBenzoniaMI49616
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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 Benzonia at 3281 Wallaker Rd, Benzonia, MI, 49616 uses $43,095 cash to close to unlock $1,704/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $999/mo, and a $636/mo payment keeps the spread at $142/mo. Purchase price stands at $130,000, and rental yield measures 9.22% with $999/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash records $53,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49616, Benzonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,109 (100%) |
| Owner Occupied HU | 767 (69.2%) |
| Renter Occupied HU | 107 ( 9.6%) |
| Vacant Housing Units | 235 (21.2%) |
| Median Home Value | $269,000 |
| Average Home Value | $347,846 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
885
Multi-Family
0
Businesses
106
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