475 Park StWaylandMI49348
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
Rental property for sale in Wayland at 475 Park St, Wayland, MI, 49348 priced at $255,000 converts $1,877/mo rent into $196/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,877/mo, and annual cash flow totals $2,346/yr on $84,533 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.83% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 118.29% and total cumulative return in cash sums $99,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,877/mo property income covering a $1,248/mo payment, not borrower’s personal income.
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
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