N975 E Stella 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
Investment property for sale in Wetmore at N975 E Stella Lake Rd, Wetmore, MI, 49895 at $295,000 posts ROI 12.48% with from $1,340/mo rent. Total monthly income equals $1,340/mo. Return on cash invested measures 12.48% and rental yield reads 5.45% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 63.55% and total cumulative return in cash totals $62,150. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,340/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
30 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: Rick Capogrossa • Cap's Grand Marais Bucket List Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-1088
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.