818 Whitfield VwWalloon LakeMI49796
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Walloon Lake at 818 Whitfield Vw, Walloon Lake, MI, 49796 projects strong ROI of 0.84%. Rental yield 1.75%. With 5% annual appreciation, the property builds $1,103,745 in value over five years. Equity growth combined delivers a projected five-year ROI of 17.9%, translating into $201,974 in total cumulative return on $1,128,588 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.8% | 6.0% |
| Monthly Cash Flow | $(20,511) | $200 |
City averages based on Walloon Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,834 |
| Total Monthly Debt Service | $24,756 |
| DSCR Ratio | 0.24x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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
Single Family
Built in 1993
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina J Vis • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25056434
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved.