8429 N Wheeler 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 8429 N Wheeler Rd, Wheeler, MI, 48662 generates $1,133/mo in rent and, after a $710/mo payment, leaves $177/mo in cash flow. Total monthly income is $1,133/mo, and annual cash flow is $2,118/yr on $48,068 invested. Return on cash invested sits at 24.32% in year one, and rental yield is 9.38% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 127.06% and total cumulative return in cash sums $61,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,133/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.38 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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