502 Luoma RdWakefieldMI49968
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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
Investment property for sale in Wakefield at 502 Luoma Rd, Wakefield, MI, 49968 at $109,000 posts ROI 24.15% with $128/mo cash flow from $847/mo rent. Total monthly income equals $847/mo, and annual cash flow records $1,532/yr on $36,134 to close. Return on cash invested measures 24.15% and rental yield reads 9.32% at the current $109,000. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,115 by year five. Five-year ROI prints 126.16% and total cumulative return in cash totals $45,586.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $847/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49968, Wakefield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,374 (100%) |
| Owner Occupied HU | 854 (62.2%) |
| Renter Occupied HU | 114 ( 8.3%) |
| Vacant Housing Units | 406 (29.5%) |
| Median Home Value | $114,015 |
| Average Home Value | $173,487 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
896
Multi-Family
47
Businesses
71
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