815 Roberts StWakefieldMI49968
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
Investment property for sale in Wakefield at 815 Roberts St, Wakefield, MI, 49968 listed at $224,900 pairs $1,511/mo rent with a $1,101/mo payment to leave $28/mo cash flow. Total monthly income runs $1,511/mo, and annual cash flow reaches $332/yr on $74,554 cash to close. Return on cash invested measures 20.35% in year one, and rental yield registers 8.06% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 105.78% and total cumulative return in cash totals $78,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,511/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
1.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TRACY AMUNDSON • ZAK'S REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50177791
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.