N5728 CO RD 346WallaceMI49893
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 Wallace at N5728 CO RD 346, Wallace, MI, 49893 uses $72,897 cash to close to unlock $4,298/yr annual cash flow and $358/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $1,076/mo payment keeps the spread at $358/mo. Purchase price stands at $219,900, and rental yield measures 9.87% with $1,808/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 135.06% and total cumulative return in cash records $98,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49893, Wallace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 879 (100%) |
| Owner Occupied HU | 694 (79.0%) |
| Renter Occupied HU | 69 ( 7.8%) |
| Vacant Housing Units | 116 (13.2%) |
| Median Home Value | $196,809 |
| Average Home Value | $199,226 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Nowack • Broadway Real Estate
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #50306638
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.