5750 John 17.3 Ave #17.3WellsMI49894
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5750 John 17.3 Ave #17.3, Wells, MI, 49894 in Wells deserves attention. This $178,000 property earns $2,114/mo in rent, a 14.25% gross yield, and nets $941/mo after the $800/mo payment. DSCR 2.64 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $49,178 compounds alongside $1,639/yr in yearly equity build, for a total cumulative return of $128,375.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 6.0% |
| Monthly Cash Flow | $941 | $300 |
City averages based on Wells market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,114 |
| Total Monthly Debt Service | $1,103 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49894, Wells, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 253 (80.8%) |
| Renter Occupied HU | 55 (17.6%) |
| Vacant Housing Units | 5 ( 1.6%) |
| Median Home Value | $146,528 |
| Average Home Value | $167,777 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
34
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
Single Family
Built in 1968
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49894, Wells, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 313 (100%) |
| Owner Occupied HU | 253 (80.8%) |
| Renter Occupied HU | 55 (17.6%) |
| Vacant Housing Units | 5 ( 1.6%) |
| Median Home Value | $146,528 |
| Average Home Value | $167,777 |
Housing Distribution
Address Breakdown
Residential
222
Single Family
222
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CHRISTOPHER BANNER • STATE WIDE REAL ESTATE OF ESCANABA
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174168
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.