N4178 Powell 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
Rental property for sale in Wetmore at N4178 Powell Lake Rd, Wetmore, MI, 49895 offers $2,262/mo rent that, after a $784/mo payment, leaves $1,206/mo cash flow. Total monthly income is $2,262/mo, and annual cash flow is $14,470/yr on $53,073 cash. Return on cash invested measures 47.17% in year one, and rental yield stands at 16.95% at a $160,100 entry. Equity gained on principal adds $1,033/yr while 5% annual appreciation compounds into $44,233 by year five. Five-year ROI records 249.59% and total cumulative return in cash reaches $132,465. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,262/mo property income versus a $784/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.41 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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Nearby investment properties with comparable prices
Listed by: JOANN CARLSON • BIG C REALTY-M
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173756
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.