6189 Wildwood DrElwellMI48832
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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 Elwell at 6189 Wildwood Dr, Elwell, MI, 48832 uses $48,034 cash to close to unlock $1,748/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $1,101/mo, and a $709/mo payment keeps the spread at $146/mo. Purchase price stands at $144,900, and rental yield measures 9.12% with $1,101/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash records $59,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,101/mo property income covering a $709/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48832, Elwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 653 (100%) |
| Owner Occupied HU | 538 (82.4%) |
| Renter Occupied HU | 50 ( 7.7%) |
| Vacant Housing Units | 65 ( 10.0%) |
| Median Home Value | $168,077 |
| Average Home Value | $195,367 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
563
Multi-Family
0
Businesses
10
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