6305 S 3rd StWellsMI49894
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
Investment Highlights
Rental property for sale in Wells at 6305 S 3rd St, Wells, MI, 49894 generates $1,241/mo in rent and, after a $759/mo payment, leaves $219/mo in cash flow. Total monthly income is $1,241/mo, and annual cash flow is $2,622/yr on $51,383 invested. Return on cash invested sits at 25.01% in year one, and rental yield is 9.61% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 130.77% and total cumulative return in cash sums $67,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.70 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