8911-E8911 S Lost Lake RdWetmoreMI49895
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 Wetmore at 8911-E8911 S Lost Lake Rd, Wetmore, MI, 49895 offers a 10.01% rental yield on a $337,600 purchase with $2,816/mo rent. Total monthly income registers $2,816/mo, and a $1,652/mo payment leaves $590/mo available for distribution. Annual cash flow reaches $7,081/yr on $111,914 to close, and return on cash invested stands at 26.24% in year one. Equity gained on principal adds $2,178/yr while 5% annual appreciation supports $93,273 over five years. Portfolio math shows five-year ROI at 137.34% and total cumulative return in cash at $153,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,816/mo property income against a $1,652/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49895, Wetmore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 280 (30.1%) |
| Renter Occupied HU | 20 ( 2.2%) |
| Vacant Housing Units | 629 (67.7%) |
| Median Home Value | $207,143 |
| Average Home Value | $235,973 |
Housing Distribution
Address Breakdown
Residential
436
Single Family
436
Multi-Family
0
Businesses
31
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