78 Wiley RdDouglasMI49406
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 Douglas at 78 Wiley Rd, Douglas, MI, 49406 priced at $350,000 converts $2,618/mo rent into $310/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,618/mo, and annual cash flow totals $3,720/yr on $116,025 invested. Return on cash invested prints 23.12% in year one, and rental yield reads 8.98% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 120.55% and total cumulative return in cash sums $139,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,618/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1929
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49406, Douglas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 532 (56.0%) |
| Renter Occupied HU | 87 ( 9.2%) |
| Vacant Housing Units | 331 (34.8%) |
| Median Home Value | $398,734 |
| Average Home Value | $557,721 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
158
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