5750 John 17.3 Ave #17.3WellsMI49894
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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 Wells at 5750 John 17.3 Ave #17.3, Wells, MI, 49894 earns $940/mo cash flow from $2,114/mo rent with a $871/mo payment. Total monthly income totals $2,114/mo, and annual cash flow totals $11,285/yr on $59,007 capital. ROI tracks 39.03% on current figures, and rental yield reads 14.25% at a $178,000 purchase. Equity gained on principal adds $1,149/yr, and 5% annual appreciation supports $49,178 over five years. Five-year ROI reaches 205.99% and total cumulative return in cash sums $121,549. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,114/mo property income instead of your personal income.
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
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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.