7933 E McGregor RdWheelerMI48662
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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 Wheeler at 7933 E McGregor Rd, Wheeler, MI, 48662 priced at $319,900 converts $2,040/mo rent into after a $1,566/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 19.12% in year one, and rental yield reads 7.65% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 99.17% and total cumulative return in cash sums $105,164. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48662, Wheeler, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 573 (100%) |
| Owner Occupied HU | 467 (81.5%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 46 ( 8.0%) |
| Median Home Value | $158,553 |
| Average Home Value | $198,597 |
Housing Distribution
Address Breakdown
Residential
583
Single Family
583
Multi-Family
0
Businesses
16
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