401 Anderson DrWaylandMI49348
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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 Wayland at 401 Anderson Dr, Wayland, MI, 49348 uses $117,683 cash to close to unlock $8,502/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $3,050/mo, and a $1,738/mo payment keeps the spread at $709/mo. Purchase price stands at $355,000, and rental yield measures 10.31% with $3,050/mo rent. Return on cash invested shows 27.13% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 142.13% and total cumulative return in cash records $167,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,050/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 1977
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49348, Wayland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,099 (100%) |
| Owner Occupied HU | 4,611 (75.6%) |
| Renter Occupied HU | 1,091 (17.9%) |
| Vacant Housing Units | 397 ( 6.5%) |
| Median Home Value | $292,402 |
| Average Home Value | $347,766 |
Housing Distribution
Address Breakdown
Residential
5,778
Single Family
5,133
Multi-Family
645
Businesses
388
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