6986 Wellman Line RdCroswellMI48422
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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 Croswell at 6986 Wellman Line Rd, Croswell, MI, 48422 uses $77,869 cash to close to unlock $2,456/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $1,150/mo payment keeps the spread at $205/mo. Purchase price stands at $234,900, and rental yield measures 8.96% with $1,754/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 120.31% and total cumulative return in cash records $93,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48422, Croswell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,769 (100%) |
| Owner Occupied HU | 2,044 (73.8%) |
| Renter Occupied HU | 484 (17.5%) |
| Vacant Housing Units | 241 ( 8.7%) |
| Median Home Value | $180,859 |
| Average Home Value | $216,363 |
Housing Distribution
Address Breakdown
Residential
2,589
Single Family
2,440
Multi-Family
149
Businesses
157
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