N1139 E Tie Lake RdWetmoreMI49895
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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 Wetmore at N1139 E Tie Lake Rd, Wetmore, MI, 49895 generates $1,205/mo in rent, after a $1,463/mo payment. Total monthly income is $1,205/mo. Return on cash invested sits at 10.63% in year one, and rental yield is 4.84% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 53.63% and total cumulative return in cash sums $53,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,205/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.41 Acres 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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Listed by: STACEY MASTERS • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50172454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.