3475 County Rd #577WallaceMI49893
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 Wallace at 3475 County Rd #577, Wallace, MI, 49893 listed at $445,000 pairs $3,563/mo rent with a $2,178/mo payment to leave $629/mo cash flow. Total monthly income runs $3,563/mo, and annual cash flow reaches $7,542/yr on $147,518 cash to close. Return on cash invested measures 25.02% in year one, and rental yield registers 9.61% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 130.8% and total cumulative return in cash totals $192,956. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,563/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49893, Wallace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 879 (100%) |
| Owner Occupied HU | 694 (79.0%) |
| Renter Occupied HU | 69 ( 7.8%) |
| Vacant Housing Units | 116 (13.2%) |
| Median Home Value | $196,809 |
| Average Home Value | $199,226 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHAEL GOTSTEIN • COLDWELL BANKER REAL ESTATE GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50139448
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.