362 Highway M28WakefieldMI49968
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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 Wakefield at 362 Highway M28, Wakefield, MI, 49968 listed at $149,900 pairs $1,705/mo rent with a $734/mo payment to leave $716/mo cash flow. Total monthly income runs $1,705/mo, and annual cash flow reaches $8,594/yr on $49,692 cash to close. Return on cash invested measures 37.2% in year one, and rental yield registers 13.65% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 196.21% and total cumulative return in cash totals $97,499. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,705/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
42 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
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Listed by: PETER SEIFERT • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #207694
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.