8573 E Anne DrWalkervilleMI49459
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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 Walkerville at 8573 E Anne Dr, Walkerville, MI, 49459 generates $1,126/mo in rent and, after a $611/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,126/mo, and annual cash flow is $3,632/yr on $41,404 invested. Return on cash invested sits at 28.68% in year one, and rental yield is 10.82% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 150.41% and total cumulative return in cash sums $62,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,126/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
15.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49459, Walkerville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 459 (51.1%) |
| Renter Occupied HU | 83 ( 9.2%) |
| Vacant Housing Units | 357 (39.7%) |
| Median Home Value | $173,264 |
| Average Home Value | $208,083 |
Housing Distribution
Address Breakdown
Residential
589
Single Family
589
Multi-Family
0
Businesses
18
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Listed by: Dylan Zuniga • Five Star Real Estate Whitehall
Mls Name: MichRIC
Mls Provider:
Mls ID: #24016329
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.