3635 Waldron RdNorth AdamsMI49262
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
Rental property for sale in North Adams at 3635 Waldron Rd, North Adams, MI, 49262 generates $3,166/mo in rent, after a $3,059/mo payment. Total monthly income is $3,166/mo. Return on cash invested sits at 14.48% in year one, and rental yield is 6.08% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 74.26% and total cumulative return in cash sums $152,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,166/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49262, North Adams, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 588 (100%) |
| Owner Occupied HU | 443 (75.3%) |
| Renter Occupied HU | 90 (15.3%) |
| Vacant Housing Units | 55 ( 9.4%) |
| Median Home Value | $165,441 |
| Average Home Value | $217,494 |
Housing Distribution
Address Breakdown
Residential
480
Single Family
480
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Riggle • RE/MAX IRISH HILLS REALTY
Mls Name: MichRIC
Mls Provider:
Mls ID: #25030318
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.