362 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 M28, Wakefield, MI, 49968 uses $49,692 cash to close to unlock $7,118/yr annual cash flow and $593/mo monthly cash flow. Total monthly income runs $1,582/mo, and a $734/mo payment keeps the spread at $593/mo. Purchase price stands at $149,900, and rental yield measures 12.66% with $1,582/mo rent. Return on cash invested shows 34.23% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 180.27% and total cumulative return in cash records $89,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,582/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 2000
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, INC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50147163
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.