3600 S Eight Mile RdWheelerMI48662
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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 Wheeler at 3600 S Eight Mile Rd, Wheeler, MI, 48662 listed at $235,000 pairs $2,086/mo rent with a $1,150/mo payment to leave $537/mo cash flow. Total monthly income runs $2,086/mo, and annual cash flow reaches $6,438/yr on $77,903 cash to close. Return on cash invested measures 28.17% in year one, and rental yield registers 10.65% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 147.73% and total cumulative return in cash totals $115,084. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,086/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48662, Wheeler, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 467 (81.5%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 46 ( 8.0%) |
| Median Home Value | $158,553 |
| Average Home Value | $198,597 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
583
Multi-Family
0
Businesses
16
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