5233 Wolf LnFarwellMI48622
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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
Rental property for sale in Farwell at 5233 Wolf Ln, Farwell, MI, 48622 priced at $279,900 converts $3,173/mo rent into $1,292/mo cash flow after a $1,370/mo obligation. Total monthly income equals $3,173/mo, and annual cash flow totals $15,501/yr on $92,787 invested. Return on cash invested prints 36.62% in year one, and rental yield reads 13.6% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 193.13% and total cumulative return in cash sums $179,197. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,173/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.79 Acres lot
$N/A/sqft
$425 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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Listed by: SHANNON CUMMINGS • CUMMINGS REALTY
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50143080
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