512 Lepisto AveWakefieldMI49968
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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 512 Lepisto Ave, Wakefield, MI, 49968 with 5% annual appreciation on a $162,500 basis while $1,235/mo rent supports operations. Total monthly income totals $1,235/mo and a $795/mo payment preserves $164/mo for cash returns. Annual cash flow comes to $1,965/yr on $53,869 deployed, and return on cash invested reaches 23.56% in year one. Equity gained on principal adds $1,049/yr, and five-year appreciation sums $44,896 alongside rental yield of 9.12%. Five-year ROI measures 122.93% and total cumulative return in cash totals $66,222.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,235/mo property income versus a $795/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.30 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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