N6099 SHORE DRIVE Q4WallaceMI49893
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingN6099 SHORE DRIVE Q4, Wallace, MI, 49893 in Wallace is a stable, well-positioned rental at $420,000. Rental yield 6.99%. DSCR 1.30 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $116,038 in value and $3,868/yr in principal paydown builds equity, a total projected return of $139,201.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.0% |
| Monthly Cash Flow | $(323) | $800 |
City averages based on Wallace market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,447 |
| Total Monthly Debt Service | $2,603 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1983
0.75 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
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
Single Family
Built in 1983
0.75 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: Megan Sullivan • Berkshire Hathaway HomeServices Northern Real Estate Group
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #50304163
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved