410 Wanilla LnDewittMI48820
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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
Rental property for sale in Dewitt at 410 Wanilla Ln, Dewitt, MI, 48820 priced at $475,000 converts $3,800/mo rent into $668/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,800/mo, and annual cash flow totals $8,010/yr on $157,463 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.6% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 130.66% and total cumulative return in cash sums $205,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,800/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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