Wheeler, MI — Rental Investment Analysis

🟡MODERATEaverage returns

Cap Rate

5.8%

Below average

Monthly Cash Flow

-$91

After all expenses

Price-to-Rent

11.0

Investor-friendly

DSCR

0.90

Fails

📊 Key Metrics

Median Home Price
$185,074
Average Rent (3BR)
$1,410/mo
Price-to-Rent Ratio
11.0(good)
1% Rule
0.76%(fails — need 1%+)
Cash-on-Cash Return
-2.6%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Wheeler for Investors

48662
Cap Rate: 6.3%Cash Flow: -$7/mo$189,604
48615
Cap Rate: 5.2%Cash Flow: -$175/mo$180,545

All Zip Codes in Wheeler

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
486626.3%-$7$189,604$1,550/mo0.99
486155.2%-$175$180,545$1,270/mo0.82