6443 N 5th 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 6443 N 5th St, Wells, MI, 49894 offers a 13.39% rental yield on a $174,000 purchase with $1,942/mo rent. Total monthly income registers $1,942/mo, and a $852/mo payment leaves $698/mo available for distribution. Annual cash flow reaches $8,379/yr on $57,681 to close, and return on cash invested stands at 34.43% in year one. Equity gained on principal adds $1,123/yr while 5% annual appreciation supports $48,073 over five years. Portfolio math shows five-year ROI at 182.04% and total cumulative return in cash at $105,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,942/mo property income against a $852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.32 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: MELISSA MIKUS • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50163019
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.