6420 N 2nd StWellsMI49894
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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 6420 N 2nd St, Wells, MI, 49894 listed at $160,000 pairs $1,943/mo rent with a $783/mo payment to leave $888/mo cash flow. Total monthly income runs $1,943/mo, and annual cash flow reaches $10,656/yr on $53,040 cash to close. Return on cash invested measures 40% in year one, and rental yield registers 14.57% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 211.09% and total cumulative return in cash totals $111,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,943/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
0.27 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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