4615 N 188th AveWalkervilleMI49459
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4615 N 188th Ave, Walkerville, MI, 49459 in Walkerville is a solid income-producing rental, 9.57% gross yield, $1,196/mo rent, $207/mo net cash flow on a $150,000 buy. DSCR 1.77 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $41,442 and $1,382/yr in principal reduction project a total cumulative return of $70,472.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $207 | $900 |
City averages based on Walkerville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,196 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49459, Walkerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 459 (51.1%) |
| Renter Occupied HU | 83 ( 9.2%) |
| Vacant Housing Units | 357 (39.7%) |
| Median Home Value | $173,264 |
| Average Home Value | $208,083 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
589
Multi-Family
0
Businesses
18
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
Single Family
Built in 1900
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49459, Walkerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 459 (51.1%) |
| Renter Occupied HU | 83 ( 9.2%) |
| Vacant Housing Units | 357 (39.7%) |
| Median Home Value | $173,264 |
| Average Home Value | $208,083 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
589
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raquel Rae Kosloskey • LIGHTHOUSE REALTY-Ludington
Mls Name: MichRIC
Mls ID: #25040520