511 Mae Thy St SEWyomingMI49548
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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 Wyoming at 511 Mae Thy St SE, Wyoming, MI, 49548 priced at $254,900 converts $2,418/mo rent into $737/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,418/mo, and annual cash flow totals $8,840/yr on $84,499 invested. Return on cash invested prints 30.37% in year one, and rental yield reads 11.38% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 159.5% and total cumulative return in cash sums $134,772. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,418/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1953
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49548, Grand Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,625 (100%) |
| Owner Occupied HU | 9,662 (70.9%) |
| Renter Occupied HU | 3,618 (26.6%) |
| Vacant Housing Units | 345 ( 2.5%) |
| Median Home Value | $202,210 |
| Average Home Value | $248,548 |
Housing Distribution
Address Breakdown
Residential
13,361
Single Family
12,642
Multi-Family
719
Businesses
1,284
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