475 Park StWaylandMI49348
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 475 Park St, Wayland, MI, 49348 in Wayland at $255,000 earns $1,877/mo in rent and nets $195/mo after the $1,147/mo payment, a 8.83% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $70,452 over five years. Ziffy Mortgage underwrites this on a 1.64 DSCR without U.S. credit history. With $2,349/yr in principal paydown, total projected return reaches $109,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.1% |
| Monthly Cash Flow | $195 | $850 |
City averages based on Wayland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,877 |
| Total Monthly Debt Service | $1,580 |
| DSCR Ratio | 1.19x |
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 1942
0.38 Acres 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
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 1942
0.38 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
