16880 Wells RdBuchananMI49107
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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 Buchanan at 16880 Wells Rd, Buchanan, MI, 49107 listed at $185,000 pairs $1,763/mo rent with a $905/mo payment to leave $544/mo cash flow. Total monthly income runs $1,763/mo, and annual cash flow reaches $6,522/yr on $61,328 cash to close. Return on cash invested measures 30.54% in year one, and rental yield registers 11.44% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 160.45% and total cumulative return in cash totals $98,403. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,763/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49107, Buchanan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,615 (100%) |
| Owner Occupied HU | 3,148 (68.2%) |
| Renter Occupied HU | 868 (18.8%) |
| Vacant Housing Units | 599 (13.0%) |
| Median Home Value | $247,959 |
| Average Home Value | $345,785 |
Housing Distribution
Address Breakdown
Residential
4,492
Single Family
4,214
Multi-Family
278
Businesses
275
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