4550 S Eight Mile RdWheelerMI48662
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
Investment property for sale in Wheeler at 4550 S Eight Mile Rd, Wheeler, MI, 48662 offers a 11.83% rental yield on a $195,000 purchase with $1,922/mo rent. Total monthly income registers $1,922/mo, and a $954/mo payment leaves $637/mo available for distribution. Annual cash flow reaches $7,638/yr on $64,643 to close, and return on cash invested stands at 31.72% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 166.77% and total cumulative return in cash at $107,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,922/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48662, Wheeler, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 467 (81.5%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 46 ( 8.0%) |
| Median Home Value | $158,553 |
| Average Home Value | $198,597 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
583
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
