1102 Wellsville HwyPalmyraMI49268
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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 Palmyra at 1102 Wellsville Hwy, Palmyra, MI, 49268 uses $61,328 cash to close to unlock $2,562/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,433/mo, and a $905/mo payment keeps the spread at $214/mo. Purchase price stands at $185,000, and rental yield measures 9.3% with $1,433/mo rent. Return on cash invested shows 24.09% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 125.8% and total cumulative return in cash records $77,151. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,433/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1897
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49268, Palmyra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 410 (79.0%) |
| Renter Occupied HU | 70 (13.5%) |
| Vacant Housing Units | 39 ( 7.5%) |
| Median Home Value | $214,000 |
| Average Home Value | $264,116 |
Housing Distribution
Address Breakdown
Residential
400
Single Family
400
Multi-Family
0
Businesses
9
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