4615 N 188th AveWalkervilleMI49459
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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 Walkerville at 4615 N 188th Ave, Walkerville, MI, 49459 generates $1,196/mo in rent and, after a $734/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,196/mo, and annual cash flow is $2,484/yr on $49,725 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 9.57% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 130.14% and total cumulative return in cash sums $64,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,196/mo property income rather than buyer’s personal income.
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
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Listed by: Raquel Rae Kosloskey • LIGHTHOUSE REALTY-Ludington
Mls Name: MichRIC
Mls ID: #25040520