9028 E Jefferson RdWheelerMI48662
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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 Wheeler at 9028 E Jefferson Rd, Wheeler, MI, 48662 offers a 8.53% rental yield on a $259,000 purchase with $1,841/mo rent. Total monthly income registers $1,841/mo, and a $1,268/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,592/yr on $85,859 to close, and return on cash invested stands at 21.76% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 113.33% and total cumulative return in cash at $97,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,841/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
1.05 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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