9942 Wayland DrFredericMI49733
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 Frederic at 9942 Wayland Dr, Frederic, MI, 49733 listed at $138,500 pairs $1,769/mo rent with a $678/mo payment to leave $856/mo cash flow. Total monthly income runs $1,769/mo, and annual cash flow reaches $10,267/yr on $45,913 cash to close. Return on cash invested measures 42.27% in year one, and rental yield registers 15.33% at a $138,500 basis. Equity gained on principal adds $894/yr, and annual property appreciation at 5% supports $38,265 by year five. Five-year ROI tracks 223.33% and total cumulative return in cash totals $102,535. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,769/mo property income relative to a $678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49733, Frederic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,659 (100%) |
| Owner Occupied HU | 726 (43.8%) |
| Renter Occupied HU | 109 ( 6.6%) |
| Vacant Housing Units | 824 (49.7%) |
| Median Home Value | $218,354 |
| Average Home Value | $249,101 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kayla Marie Spohn • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls Provider:
Mls ID: #201835986
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than Zillow, Inc are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc All rights reserved. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-10-22 03:27:23 PDT