89 Wauketa AveEast ChinaMI48054
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
Rental property for sale in East China at 89 Wauketa Ave, East China, MI, 48054 priced at $119,900 pairs $908/mo rent with $117/mo cash flow after a $587/mo payment. Total monthly income equals $908/mo, and annual cash flow comes to $1,406/yr on $39,747 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 9.09% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 122.48% and total cumulative return in cash reaches $48,684. For financing, Ziffy Mortgage’s DSCR program evaluates $908/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48054, East China, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,143 (100%) |
| Owner Occupied HU | 2,593 (82.5%) |
| Renter Occupied HU | 349 (11.1%) |
| Vacant Housing Units | 201 ( 6.4%) |
| Median Home Value | $318,011 |
| Average Home Value | $350,303 |
Housing Distribution
Address Breakdown
Residential
3,101
Single Family
2,930
Multi-Family
171
Businesses
105
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Listed by: Randall Eissa • Villa Residential Realty Co.
Mls Name: MiRealSource
Mls ID: #50193386